Lima | July 18, 2011 [ 12:48 ]
Lima's electric train $100 million over-budgetLivinginPeru.com
|Lima Metro (Photo: El Comercio)
Inspections conducted by Peru’s Comptroller General, Fuad Khoury, have revelaed that the recently inaugurated electric train had a higher cost than originally budgeted, and has faults in its infrastructure.
Khoury said that his office will conduct an audit in August to confirm the information collected so far. He told local radio that the train was around $100 million overbudget, 26.5% more than expected.
The director of the Electric Train Authority, Oswaldo Plasencia, acknowledged that the total cost for work on section one of the train was $520 million, but stated that the additional expense was "properly justified."
Speaking to the newspaper Gestion, Plasencia explained that during the inclusion of new eathquake-resistant features, there was a series of setbacks that required a change to the structure of the rails.
Plasencia said the budget increase was no surprise, but will continue to look into the issue. However, he denied that there were any risks associated with the construction of the train.