Contractor consortium wins concession for Mexican highway

Contractor Mota-Engil is heading the consortium that has been awarded the Cardel-Poza Rica highway concession in Mexico. The package was awarded by Mexico's transport and communications ministry (SCT), reports Business News Americas. The Mota-Engil bid included work costs of US$269 million. The 30-year concession covers construction and operation of a 129km stretch of highway between Laguna Verde and Gutiérrez Zamora, improving connections in the coastal region of Veracruz state as well as connections to V
June 12, 2014 Read time: 1 min
Contractor Mota-Engil is heading the consortium that has been awarded the Cardel-Poza Rica highway concession in Mexico. The package was awarded by Mexico's  transport and communications ministry (SCT), reports Business News Americas. The Mota-Engil bid included work costs of US$269 million. The 30-year concession covers construction and operation of a 129km stretch of highway between Laguna Verde and Gutiérrez Zamora, improving connections in the coastal region of Veracruz state as well as connections to Veracruz port. Works are expected to be complete in 2017.
Road Structures Finance & Funding

Related Content

  • Italian highway deal signed
    August 3, 2021
    A major Italian highway deal has been signed.
    Read More
  • Mexico looks to P3 for four road maintenance deals in 2017
    August 19, 2016
    Mexico will set up four road maintenance tenders worth nearly US$827 million in total as public-private partnerships in 2017. Contracts will cover the road projects Piramides-Tulancingo-Puebla, Matehuala-Saltillo, Saltillo-Monterrey-Nuevo Laredo and Texcoco-Zacatepec, according to the El Economista newspaper. The Secretariat of Communications and Transport, which will organise the work, said it has already launched two bidding processes for the maintenance of Coatzacoalcos-Villahermosa and Queretaro-S
    Read More
  • Time extension for Paraguay project financing
    April 19, 2018
    A time extension has been offered to the consortium that will build Paraguay’s Ruta 2 and Ruta 7 highway projects. This extended period has been authorised by Paraguay’s Ministry of Public Works and Communications (MOPC). The highway contract is being handled by the Rutas del Este consortium, which is made up of the contractors Mota Engil, Ocho A and Sacyr. Originally the financing package for the highway deal was to have been in place by April 14th 2018. However the consortium’s deadline for the PPP
    Read More
  • Uruguay’s premier PPP project awarded
    November 11, 2015
    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.
    Read More

Highlighted Content