Teixeira Duarte to build Venezuela motorway project

Portuguese construction company Teixeira Duarte has signed a memorandum of understanding with the Venezuela Government formalising the commitment to build the new US$4.4 billion motorway linking Caracas - La Guaria. Of the overall 19km-long motorway link, 9km will be through road tunnels, while another 4km will be built in viaducts with three lanes in each direction. The works should be completed in 54 months. Teixeira Duarte also submitted a technical and economic proposal for the development of another fo
June 21, 2013 Read time: 1 min

Portuguese construction company 7388 Teixeira Duarte has signed a memorandum of understanding with the Venezuela Government formalising the commitment to build the new US$4.4 billion motorway linking Caracas - La Guaria.

Of the overall 19km-long motorway link, 9km will be through road tunnels, while another 4km will be built in viaducts with three lanes in each direction. The works should be completed in 54 months. Teixeira Duarte also submitted a technical and economic proposal for the development of another four projects which involve the construction of quays and renovation of existing ports.

For more information on companies in this article

Related Content

  • Egypt’s Government has signed key transport deals with Chinese companies
    May 1, 2013
    The Egyptian Government has signed four agreements with Chinese companies that are intended to develop and improve the economic area northwest of the Gulf of Suez. Under the terms of these agreements the Chinese companies will be investing US$500 million into the area with this sum being delivered in three stages. The Egyptian Government expects the move by these companies to attract an additional investment of $1 billion in the region. As part of the development for the area, Egypt's National Authority for
    Read More
  • US$2.1 billion Louisiana bridge deal for partners
    February 2, 2024
    A US$2.1 billion Louisiana bridge deal has been won by Sacyr, Acciona and Plenary Americas.
    Read More
  • Sao Paulo’s Mario Covas ring road faces last section glitch
    April 10, 2015
    A consortium of Brazil's Mendes Junior and Spain's Isolux Corsán could lose its US$208 million contract to build part of the northern section of the Mario Covas beltway around the Brazilian city of São Paulo. The consortium, led by Mendes Junior, is falling behind schedule because of cash flow problems, according to São Paulo state highway company Dersa. The deal was signed in January 2013, local paper Folha de São Paulo reported.
    Read More
  • Russia to commission new Moscow-St Petersburg highway by 2020
    June 20, 2017
    Final delivery of the final stretch for Russia’s key highway project looks set to be delayed – Eugene Gerden writes. I now looks as if Russia’s most ambitious project in the field of road building in recent years, the building of a new high-speed road link between Moscow and St Petersburg, the country’s largest cities, will not be complete in time. The project was set up by the Russian government and several private investors. According to initial state plans, building of the new road should have been compl
    Read More

Highlighted Content