On November 5th, local time, with the testimony of Peruvian President Martin Vizcarra, China Railway Construction Corporation Limited and the Ministry of Transport and Communications of Peru officially signed a commercial contract for the expansion of the Huanuco to Huallanca highway in Peru, which is led by China Railway Construction International Group and contracted in partnership with the China Railway Construction 20th Bureau Group. It is the first project of China Railway Construction Corporation in the Peruvian infrastructure sector.
The project is contracted in EPC mode, with a total length of about 236.6 kilometers and a contract value of about $375 million, of which the International Group accounts for 70 percent and the 20th Bureau Group accounts for 30 percent. The project, which takes 138 calendar months, links Peru's mountainous areas to the country's main foreign trade center and is one of the main passageways to the Pan-American Highway. The project will reduce travel time by 50 percent for the local population. Provide fast transportation for 243 local towns, directly benefiting the local population of 272000.