The World Bank has agreed to help fund the construction of Lima Metro’s east-west Line 2.
A $300 million loan has been approved to part finance the line’s construction – the first section of which will add 4.9 kilometres of new track and five new stations to the Peruvian capital’s existing metro network.
Once complete, around 660,000 passengers are expected to use the line, which will cover around 27 kilometres between Ate and Callao, every day.
Construction is already underway on Line 2, which is one of six new lines approved by Supreme Decree in 2010.
Alberto Rodriguez, World Bank director for Bolivia, Chile, Ecuador, Peru and Venezuela, said: “Metro Line 2 will increase job opportunities for the poor.
“Outlying areas of the capital, those concentrating the poorest population, will be able to travel faster and at lower cost, enabling the daily commute of thousands of people and improving their access to new socio-economic opportunities and better quality of life.”