Paruvian road concession package cancelled

The concession package for Peru’s Vía Expresa Sur road project is being cancelled. The deal was originally awarded to the Peruvian company, Grana y Montero (GyM). However the involvement of Brazilian firm Odebrecht in the project have resulted in the deal being cancelled. Odebrecht has been linked to string of corruption scandals. The tender process for the 5km road section will be reopened as a result. The project is intended to cut journey times in Lima, with the work expected to cost US$200 million.
April 26, 2019 Read time: 1 min

The concession package for Peru’s Vía Expresa Sur road project is being cancelled. The deal was originally awarded to the Peruvian company, Grana y Montero (GyM). However the involvement of Brazilian firm 1305 Odebrecht in the project have resulted in the deal being cancelled. Odebrecht has been linked to string of corruption scandals. The tender process for the 5km road section will be reopened as a result. The project is intended to cut journey times in Lima, with the work expected to cost US$200 million.

Road Structures

For more information on companies in this article

Related Content

  • Chinese investors eye Brazilian work, including federal highway BR-153
    January 14, 2016
    Chinese investors are reported to be negotiating a contract to work on a section of federal highway BR-153 that goes from Anapolis in the Brazilian state of Goias to Palmas,n in Tocantins. The road is part of the Transbrasiliana Highway. The section was originally awarded to Brazilian construction firm Galvao Engenharia in September 2014, but the company never started expansion works.
    Read More
  • VINCI expanding highway operations into Brazil
    May 12, 2023
    VINCI is expanding its highway operations into Brazil.
    Read More
  • Odebrecht may exit Peru contracts
    March 9, 2017
    Brazilian contractor Odebrecht may withdraw from its current contracts in Peru. The firm had planned to continue operating in Peru but is now considering withdrawing. Odebrecht has hit a series of troubles in Peru due to the complex political situation as well as allegations over improper business practices. The firm is looking to sell off the contracts that it holds in Peru at present and has already dispensed with some operations in the country.
    Read More
  • Peru's concession success?
    February 13, 2012
    The highway concession model is said to be proving successful in Peru, according to data released by transport infrastructure regulator Ositran.
    Read More

Highlighted Content