The Private Investment Promotion Agency (PROINVERSIÓN) has awarded the Consorcio Concesionaria Ferroviaria del Centro (who presented the company Benito Roggio Transportes SA as the railway operator) the project to modernize the Huancayo – Huancavelica Railway (Tren macho).

The project costs a total of US$565 million, including US$445 million for modernization and US$120 million for operation and maintenance over the first 10 years. It covers design, financing, construction, acquisition of rolling stock, and 30 years of operation and maintenance for a 128.7-km railway. Additionally, the project involves building a new repair and maintenance workshop, drainage system, slope protection, and renovating the railway superstructure.