Peru signs cable-car concession

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Peru signs cable-car concession

Proinversión, Peru's private investment promotion agency, and the French-Peruvian consortium Telecabinas Kuélap have signed the cable car concession to serve the archaeological complex "Kuelap Fortress" (Amazonas).

The consortium is formed by French company Pomagalski S.A.S. and Peruvian company Ingenieros Civiles y Contratistas Generales S.A.

The project involves the implementation of a tourist cable car between the town of Nuevo Tingo and Kuelap Fortress - Amazon and complementary tourist services in favor of Kuelap Fortress archaeological complex. It aims to improve and optimize the accessibility to the Fortress of Kuelap.

The cable car, with a length of 4400 meters, will overcome the distance of an approximate 1000 meters between the stations. It is expected to have 26 cars with capacity to carry eight to ten passengers at a time.  The new facilities will have capacity to transport 1,000 passengers per hour.

The project will be developed on a design, build, finance, operation and maintenance (DBFOM) basis. The contract period is 20 years.

The total project investment is estimated at US$17.9 million.

The project is set to be operational by 2016.

The fortress of Kuelap or Cuélap (Chachapoyas, Amazonas, Perú), associated with the Chachapoyas culture, consists of massive exterior stone walls containing more than four hundred buildings. The structure, situated on a ridge overlooking the Utcubamba Valley in northern Peru, is roughly 600 meters in length and 110 meters in width.

Proinversion has plans to develop another cable car PPP project, the Choquequirao cable car. In mid March the agency hired PwC - Ingerop consortium as the transaction advisor to structure the project.

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