Paraguay project agreement reached

An agreement has been reached for the projects to widen Route 2 and Route 7 in Paraguay by the various bodies involved. The Consorcio Rutas del Este joint venture partners have agreed terms with the Inter-American Development Bank (IADB), UBS and the Ministries of Public Works and Communications and Finance. UBS is providing financing worth US$250 million while the IADB is providing $200 million. Consorcio Rutas del Este, which comprises Sacyr, Mota Engil and Ocho A, is providing $83 million meanwhile. Cons
May 8, 2019 Read time: 1 min
An agreement has been reached for the projects to widen Route 2 and Route 7 in Paraguay by the various bodies involved. The Consorcio Rutas del Este joint venture partners have agreed terms with the Inter-American Development Bank (IADB), UBS and the Ministries of Public Works and Communications and Finance. UBS is providing financing worth US$250 million while the IADB is providing $200 million. Consorcio Rutas del Este, which comprises Sacyr, Mota Engil and Ocho A, is providing $83 million meanwhile. Construction work will commence in July 2019 close to Caaguazú and the project is being handled under the PPP model.
Finance & Funding

Related Content

  • Paraguay’s plan for road rebuilding
    September 30, 2015
    Paraguay’s Ministry of Public Works and Communications (MOPC) will award a series of road projects worth around US$1.3 billion in early 2016. These project include work on the first section of the bi-oceanic corridor, the reconstruction of Route 9, the expansion of Routes 2 and 7 and the second bridge connecting Paraguay with Brazil. The tender process for Route 9 from Remanso Bridge to the city of Mariscal Estigarribia will open shortly and the project is expected to cost around $380 million. The tender fo
    Read More
  • Paraguay road development plan
    August 12, 2020
    A Paraguayan road loan will pay for a development plan.
    Read More
  • Financing found for Paraguay planned project
    April 30, 2018
    Funding has been secured to pay for rebuilding work on the Transchaco road in Paraguay. A series of loans worth a total of US$560 million is paying for the rebuilding work. The Development Bank of Latin America (CAF) is providing the bulk of the funding in the shape of a loan worth $400 million. Meanwhile the Inter-American Development Bank (IADB) is providing a loan of $160 million for the work.
    Read More
  • Paraguay-Brazil bridges being planned
    April 5, 2021
    Two new bridges connecting Paraguay and Brazil are being planned.
    Read More

Highlighted Content