The Peruvian Private Investment Promotion Agency (PROINVERSIÓN) has reported that pre-investment technical studies will begin next September for the project "Creation of Public Tourism Services in Tourist Resources accessible by cable car and cultural recreation space in the city of Yungay" (Huascarán Cable Car).

The technical studies will be carried out by JS Consultores Empresariales S.A.C. Under the agreement, PROINVERSIÓN will act as the Formulation Unit (FU), overseeing the Formulation and Evaluation phase of the investment cycle. Additionally, PROINVERSIÓN will lead the private investment promotion process for the cable car project until the contract is awarded and the Public-Private Partnership (PPP) agreements are finalized.

Pre-investment studies include demand and supply analysis, preliminary engineering, costs and schedules, legal and institutional assessment, socio-environmental impact assessment, risk analysis, and financial structure. These components will ensure technical, economic, and legal viability, informing the decision to invest under the PPP model. The Huascarán Cable Car project involves an investment of approximately US$30 million, earmarked for the construction of the cable car system and its stations, the implementation of a cultural recreation area and complementary tourist services, and the development of equipment, security systems, and operating technology. 

The project aims to establish a modern and sustainable tourism infrastructure that highlights the natural, scenic, and cultural heritage of Yungay province and its surrounding regions. The proposed cable car system will significantly shorten travel times to high-altitude areas while minimizing environmental impact, as it eliminates the need for new road construction that could harm delicate ecosystems. It will provide visitors with direct access to distinctive experiences, including glaciers, turquoise lagoons, rich cultural sites, and traditional Andean cuisine.