A delegation of spanish companies visited major operators and infrastructure railway managers of ecuador and peru in march
Mafex travelled during March 23rd to the 27th to Quito and Lima with a dozen Spanish railway companies in order to see in first-hand the investments that the government of Ecuador and Peru are planning to make on railway infrastructure in short-term.
Spanish engineering firms, manufacturers of railway equipment and components, as well as developers of innovative technologies in various railway fields had the opportunity to meet with Metro de Quito, the Ministry of Transportation, the Ministry of Transport and Railways of Ecuador and various departments of the Electric Train Authority (AATE), Proinversión, Ministry of Transport, PeruRail, Cosapi and GyM Ferrovías de Lima, among others.
There are two markets of great interest to companies that are members of Mafex. In the case of Ecuador, the railway sector has been in full renovation and rehabilitation of infrastructure since years, with an investment of USD 118,400 million. The creation of new urban transport systems like Metro de Quito or the tram of Cuenca are also interesting. Moreover, the recent agreement signed between Spain and Ecuador to promote cooperation in the field of management of transportation systems and infrastructure development represents a new opportunity for Spanish companies.
As for Peru, the country plans to expand its rail network considerably in the coming years, mainly through public – private investment initiatives. Only until 2016, the Government has allocated USD 5,300 million to rail infrastructure. Lima is also in full construction and expansion of its metro network, and other cities such as Arequipa also have their own plans for the improvement of urban transport