Paraguay road widening – financing settled

Financing is being secured for road widening work in Paraguay.
October 14, 2019 Read time: 1 min

The US$290 million in bonds arranged by the Paraguayan Government will help pay for the widening or Route 2 and Route 7. A further $200 million is being provided by the Inter-American Development Bank (IADB). The work is being handled by a consortium, Consorcio Rutas del Este, which comprises Ocho A and Sacyr. Construction started in August 2019 and should take three years to complete, while the joint venture partners have a deal that allows a 27-year concession package for Route 2 and Route 7.

Asphalt milling, paving & compaction

Related Content

  • Paraguay-Argentina bridge design
    May 26, 2021
    The design for the new Paraguay-Argentina bridge project is being finalised.
    Read More
  • Construction completion for Colombia concession contracts
    December 14, 2017
    Colombia’s massive road and highway development programme is still moving ahead, with a series of major concession projects due for completion by 2020. A consortium titled Via al Mar is on track to finish construction of the Cartagena-Barranquilla highway in August 2019, for which the company has a 25-year concession agreement. The tender process for the final stretches of the Ruta del Sol II highway will commence shortly.
    Read More
  • Work moving ahead on Paraguay’s new roads
    November 21, 2018
    A series of major road contracts have been awarded in Paraguay, although delays are being seen on one key link. The country’s Ministry of Public Works and Communications (MOPC) gave its approval for a series of road contracts to be awarded. These four packages are worth over US$136 million and are for18 different sections.
    Read More
  • Panama road widening work
    September 19, 2022
    Road widening will be carried out on a key route in Panama.
    Read More

Highlighted Content