The Southern Railway, Ferrocarriles del Sur del Perú (FCS), another Meiggs concession, was completed from Arequipa to Puno in 1876 and to the coast at Matarani. The railway also operated steamers (including the "Yavari") and train ferries on Lake Titicaca connecting with Guaqui in Bolivia. Although work on the Juliaca–Cuzco section was begun in 1872 it was not completed through until 1908. The summit of this section is reached at La Raya ( above sea level). Since 1999 it has been operated by PeruRail, an affiliate of the Belmond Ltd. group, whose tourist trains form the only passenger services.