Skip to main content

Paraguay highway project – financing package being secured

A finance package is being secured for the project to widen Route 2 and Route 7 in Paraguay. The package is worth US$500 million in all. The work for the project is being handled by the Rutas del Este consortium. Sacyr holds 60% of the consortium, with Ocho A holding the remaining 40%. The Rutas del Este consortium holds a 30-year concession for the two routes.
June 28, 2019 Read time: 1 min
A finance package is being secured for the project to widen Route 2 and Route 7 in Paraguay. The package is worth US$500 million in all. The work for the project is being handled by the Rutas del Este consortium. Sacyr holds 60% of the consortium, with Ocho A holding the remaining 40%. The Rutas del Este consortium holds a 30-year concession for the two routes.

Related Content

  • India road financing package secured
    July 24, 2019
    A major long term financing package has been secured for highway projects in India. The National Highways Authority of India (NHAI) will benefit from a credit package worth nearly US$ 3.4 billion. This is being provided by the Life Insurance Corporation of India (LIC). The deal involves bonds issued for a 30-year period. India has also announced plans to continue with its massive road development programme. By 2024/25, the $10.8 billion road development programme will have extended the country’s network b
  • Financing being secured for Colombian highway project
    June 24, 2019
    The finance package required for Colombia’s Popayan-Santander de Quilichao highway project is being secured. The highway forms part of Colombia’s fourth generation (4G) motorway plan. Costing US$692.5 million, the necessary financing should be in place by July 2019. The work includes building 78km of dual carriageway and no less than 31 bridges. It also includes improving 18km of single carriageway roads and also installing two new toll booths. The construction work is expected to take a further 36 months t
  • Paraguay-Brazil bridge being built
    August 21, 2020
    Progress is being seen on the Paraguay-Brazil bridge now being built.
  • Paraguay’s premier project progressing
    April 24, 2020
    Construction work on Paraguay’s premier road project progressing on track.