Takuechi Finance Takuechi Finance
Follow us on Twitter Follow us on LinkedIn Follow us on Instagram
Daily construction news
Weekly plant news

Construction News

Sun April 22 2018

Related Information
Related Information
Related Information
Related Information

News » International » Paraguay awards $1.47bn road concession » published 26 Oct 2016

Paraguay awards $1.47bn road concession

Sacyr Concesiones is entering the Paraguay market with a project win worth US$1.47bn (£1.2bn).

The consortium led by Sacyr Concesiones also includes Mota Engil and Ocho A. The call for tenders issued by the Ministry of Public Works & Communications attracted considerable interest from national and international companies, 13 of which were prequalified in the final phase.

The contract is for the construction and operation of ‘Road 2’ - between Asunción and Coronel Oviedo - and ‘Road 7’, which will link Coronel Oviedo and Caaguazú. Development of the project is seen as vital to the country's growth as 70% of economic activity is concentrated along the corridor. The roads have a planned construction investment amounting to €520m and are set to bring in revenue of €1.47bn over a 30-year concession. It is the first road project under the new Public-Private Alliance Law of Paraguay.

The contract covers 170km of roads, which will be widened, improved, operate, and maintained by the concessionaire. Five bypasses are included in the project.



Download our free construction news iPhone / iPad app. Sign up to our FREE email newsletters or subscribe to our RSS feed for regular updates on the latest Construction News, Plant News & Contract News. The Construction Index also provides the latest Construction Tenders, Construction Market Data & Construction Law Commentary all FREE.

This article was published on 26 Oct 2016 (last updated on 26 Oct 2016).

More News Channels