Baseline Scenario
Which emissions are the proposed Clean Development Mechanism CDM project displacing?
The Project will displace emissions from old, bad maintained buses and vans running along and around the planed lines of this rapid and clean transportation system. The main emission is CO2. Other gases are: CO, SOX, NOX.
What would the future look like without the proposed CDM project?
The current system will continue. That means oversupply of transportation units composed mainly by small second hand transportation units brought from Japan with low occupancy percentage. The impact of the current system is expressed on more frequent respiratory illnesses, road accidents, high operational cost, poor transportation workers, long time for travelling etc.
What would the estimated total greenhouse gas (GHG) reduction be with the project?
Without this project there will be an increase of Greenhouse gas emissions. Clean air initiative committee has calculated emissions of road traffic in Lima and Callao for year 2002: CO 236,048 TM, CO2 4,438,166 TM and NOX 53,417 TM, summing up 21,233,485 tCO2e/year. This figure will increase to 27,171,186 tCO2e in 2007 (28 %).
Current Status
Earliest project start date
The construction of the project is planned to begin on September 2005. The operation is assumed to start in 2007.
Estimate of time required before becoming operational
2 years
What is the project lifetime?
33 years
Current status or phase of the project eg: which of the following phases have been completed:
• By the Metropolitan Council agreement N° 212, the project is in public international biding process for its concession.
• The Republic Congress in its plenary session of May 20, 2004, declared the continuation of the mass transit electric system for Lima and Callao as priority necessity.
• The Peruvian Government has approved the endorsement of a US$ 120 million loan for the project by Supreme Decree Nº 038-2005-EF.
• Feasibility study and detailed engineering are completed.
• A letter communicating the intention to develop a CDM project has been already send to the Designated National Authority on CDM
Estimated Emission Reductions
Annual: an average of 200,000 tCO2e, year 2002.
• Up to and including 2012: 1,200,000 tCO2e
• Up to a period of 10 years: 2,000,000 tCO2e
• Up to a period of 7 years: 1,400,000 tCO2e
• Up to a period of 14 years: 2,800,000 tCO2e
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Project Benefits
• Reduction of 158,722 MT annually of the pollutants: CO, CO2, HC, NOX, PM, y SO2.
• Reduction of operating cost of urban transportation system (first year): US$ 118,792,870
• Saving in commuting time (first year): US$ 28,276,694
• Improvement of the urban environment
Project Participant and Financing
Total project cost estimate:
• Development costs: US$ 3,000,000
• Installed costs: US$ 183,841,000
• Private Investment: US$ 10,000,000
• Other costs (vehicle elimination): US$ 15,000,000
• Total project costs: US$ 198,841,000
Sources of finance to be sought or already identified:
• Equity: US$ 10,000,000
• Debt: US$ 147,185,000
• Carbon finance contribution sought: US$ 15,000,000
(for a vehicle elimination program).
Contact Information:
| Developer: |
Autoridad Autonoma del Tren Eléctrico
Municipalidad Metropolitana de Lima |
| CDM promoter: |
National Environmental Fund (FONAM) |
| Name: |
Julia Justo, Claudia Monsalve, Tania Zamora |
| Phone/Fax Numbers: |
(51-1) 449-6200 |
| E-mail: |
jjusto@fonamperu.org / cmonsalve@fonamperu.org
tzamora@fonamperu.org / fonam@fonamperu.org |
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