Uruguay’s premier PPP project awarded

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.
November 11, 2015 Read time: 2 mins
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".
Road Structures

For more information on companies in this article

Related Content

  • A key section of highway is now open in Romania
    July 26, 2012
    In Romania the northern section of the bypass around the city of Constanta is open to traffic. The bypass forms part of the Pan-European Road Corridor IV and work on this section was financed by the European Bank for reconstruction and Development (EBRD). The southern stretch of the 23km bypass was completed in 2011. Now it is complete, the bypass will carry heavy port traffic away from Constanta. It will also provide a free-flowing route for tourist traffic from Romanian capital Bucharest and the north of
    Read More
  • Russia highway project awarded
    November 16, 2017
    Contractor Sibmost is to handle construction work for the Khabarovsk Bypass project. The new road will provide a link between the A-370 Ussuri, R-297 Amur and A-375 Vostok highways. With the construction of the Amur River bridge crossing also in hand, the new link will help provide improved transport between Russia and China. Discussions over the Amur River crossing between Russia and China first commenced in the 1980s and the project has finally come to fruition. The new tolled highway stretch being built
    Read More
  • New EU-Russian highway connection
    February 18, 2013
    Among the forests and lakes of Finland, one of Europe's newest motorway links is being built as a Green highway linking Europe to Russia - Adrian Greeman reports The road eastwards from Finland's capital Helsinki, along the north coast of the Gulf of Finland, has not carried heavy traffic volumes, at least until recent times. Highway seven as it is designated locally, or E18 in European nomenclature, is partly motorway but in some sections still dual carriageway or even just a single lane each way, finishin
    Read More
  • New international trade crossing linking Canada and US
    June 9, 2015
    The Detroit River is short, only 45km, and narrow in places, less than 1km. Around a quarter of the annual $658 billion Canada-US trade crosses over the river. That’s $160 billion worth of goods trucked each year between Detroit in the US state of Michigan and the Canadian city of Windsor in the province of Ontario - the Windsor-Detroit Corridor. There are several types of crossings, but the vast majority of commercial traffic must use the 2.3km Ambassador Bridge (see box). A new bridge was initially prop
    Read More

Highlighted Content