After a period of operation by the nationalized entity Empresa Nacional de Ferrocarriles del Perú (ENAFER), in July 1999 the government awarded a divisible consortium led by Railroad Development Corporation (RDC) of Pittsburgh, and Lorenzo Sousa's Peruval Corp who was awarded the South and South east railways, a concession to operate the former Ferrocarril del Centro for 30 years.

Estimated to take 16 months, the US$33m project was to be funded jointly by the government and CAF – Development Bank of Latin America and the Caribbean.

[4] RDC has suggested the building of a 23.2 km (14.4 mi), US$2 billion tunnel in the Andes, to reduce the total Lima to Huancayo journey from twelve hours to under five.

Malinowski, a Polish expatriate, was voluntarily exiled in Peru by political problems in his country, occupied at that time by Germany, Russia and Austria.

The audacious Meiggs, after some negotiation, appeared before the government on 21 September of that year proposing to design and construct a railroad between Lima and Jauja.

The work began under the direction of Malinowski, head of the Technical Body, and fellow Polish engineer Edward Jan Habich.

[8][12] In 2006 FCCA began a program to convert five General Electric C30-7 locomotives and two GE C39-8 locos to run on compressed natural gas and diesel fuel.

In 2024, FCCA purchased 19 EMD F40PH locomotives from Caltrain along with 90 Nippon Sharyo Gallery Cars Traffic includes minerals (mainly from La Oroya), fuels, cement and food products.

[14] Although there is now no regular passenger traffic, currently FCCA offers several tourist trips per month from Lima to Huancayo, according to a previously published schedule.