Work will commence shortly on Uruguay’s first PPP highway project. The construction and concession is being handled by a consortium comprising key contractors. The Uruguayan Ministry of Transport and Public Works awarded the project to a consortium made up of Sacyr Concesiones (43%), Sacyr Construcción (8%) and Grinor (49%). The project involves the building, restoration and management of a 179km corridor connecting the cities of Nueva Palmira and Mercedes.
Work will commence shortly on Uruguay’s first PPP highway project. The construction and concession is being handled by a consortium comprising key contractors. The Uruguayan Ministry of Transport and Public Works awarded the project to a consortium made up of 3959 Sacyr Concesiones (43%), Sacyr Construcción (8%) and Grinor (49%). The project involves the building, restoration and management of a 179km corridor connecting the cities of Nueva Palmira and Mercedes.
The concession is for an initial 24-year term, while the investment is expected to be in excess of $160 million. The concession involves the current Route No 21 from Nueva Palmira to Route No 2, and from Route No 24 between Route N. 2 and Route No 3. The work includes the building of the 8.5km Nueva Palmira 8 bypass and the restoration of 121.75km of a two-lane single highway. Both complete stretches are to be maintained within the concession, covering a total of 179.1km in all.
Uruguay’s Ministry for the Economy and Finance has referred to the project as "an important milestone" that marks a "new direction" in the building of public works in the country. Sacyr Concesiones CEO, Rafael Gómez del Rio, claimed that "the project was an excellent initiative and one, moreover, that opens a new market for the company in the region. We are delighted with this new contract, which can be added to those recently won by the company in Columbia, thus further consolidating our leadership in Latin America".
The concession is for an initial 24-year term, while the investment is expected to be in excess of $160 million. The concession involves the current Route No 21 from Nueva Palmira to Route No 2, and from Route No 24 between Route N. 2 and Route No 3. The work includes the building of the 8.5km Nueva Palmira 8 bypass and the restoration of 121.75km of a two-lane single highway. Both complete stretches are to be maintained within the concession, covering a total of 179.1km in all.
Uruguay’s Ministry for the Economy and Finance has referred to the project as "an important milestone" that marks a "new direction" in the building of public works in the country. Sacyr Concesiones CEO, Rafael Gómez del Rio, claimed that "the project was an excellent initiative and one, moreover, that opens a new market for the company in the region. We are delighted with this new contract, which can be added to those recently won by the company in Columbia, thus further consolidating our leadership in Latin America".
