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

  • Chile road project, tender process opening
    April 17, 2019
    The tender process is opening for an important road project for Chile. The bidding process for the 142km road upgrade project is opening at the end of May 2019, with construction expected to start in 2021 once the necessary permissions process and financing package has been finalised. The work is for the improvement of the Camino de la Fruta road link, Chile’s Ruta 66. This road runs from San Antonio on the coast and connects with the country’s key north-south link, Ruta 5, at Pelequén to the north of San F
    Read More
  • Financial close for Louisiana’s Calcasieu Bridge
    August 19, 2024
    Sacyr said that the project is the company’s first transportation infrastructure private-public partnership contract in the US and calls for a total of $2.27 billion in construction investment.
    Read More
  • Florida highway rebuild project
    May 2, 2018
    Rebuilding a congested stretch of highway in Florida will cut congestion and boost safety for commuters - Mike Woof writes. Florida’s 214km-long I-4 highway provides a key transport route between Tampa and Daytona Beach, but has an unenviable reputation for both congestion and safety, with frequent delays due to heavy traffic as well as crashes. The stretch running through the city of Orlando is particularly prone to jams at peak periods, with huge traffic volumes resulting in vehicles having to slow to a c
    Read More
  • Chile highway link project for Valdivia
    June 26, 2017
    New dual carriageway connections are to be built in Chile to join the town of Valdivia to the Ruta 5 highway. The work is expected to cost US$250 million in all, with the work being planned by Chile’s Ministry of Public Works (MOP) and construction due to start in 2021.
    Read More

Highlighted Content