Paraguay: two firms withdraw from Ypacarai-Pastoreo PPP process

Paraguay has confirmed that contractorsd Odebrecht Latinvest Espana and IECSA are no longer interested in routes II and VII Ypacarai-Pastoreo road expansion work. Ministry of Public Works announced the withdrawal of the two groups from the public-private partnership works programme that is expected to cost around US$395 million, according to media reports. How, the ministry said six companies met with officials to discuss details of the work and another two companies - Tradeco Infraestructuras and Con
May 13, 2016 Read time: 2 mins
Paraguay has confirmed that contractorsd 1305 Odebrecht Latinvest Espana and IECSA are no longer interested in routes II and VII Ypacarai-Pastoreo road expansion work.

Ministry of Public Works announced the withdrawal of the two groups from the public-private partnership works programme that is expected to cost around US$395 million, according to media reports.

How, the ministry said six companies met with officials to discuss details of the work and another two companies - Tradeco Infraestructuras and Construcciones y Administraciones – have said that they will meet soon with the ministry.

The tender is expected to be open by the end of June.

The tendering process has been delayed four times although 11 firms have been pre-qualified and six had expressed an interest in going forward to the tender phase of this, Paraguay’s infrastructure sector. Road toll tariffs will have a bearing on the ministry’s final decision on which firm will win the work.
Finance & Funding

For more information on companies in this article

Related Content

  • Planned Paraguay PPP project postponed
    May 3, 2016
    Bidding for Paraguay’s route II and route VII Ypacarai-Pastoreo road expansion project has been postponed. Instead Paraguay’s Ministry of Public Works and Communications (MOPC) says that the bidding will commence on 29th June 2016. This delay follows requests by some participants in this process. However, this is the fourth time that the opening of the bidding for the project has been delayed.
    Read More
  • 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 in talks to salvage tender for works on Routes 2 and 7
    May 10, 2016
    Paraguay is in discussions with six out of 11 prequalified consortia after none of the 11 submitted bids for a major highway development. The Public Works and Communications Ministry is making efforts to put back on track a public-private partnership to widen routes 2 and 7. Media reports said consortia were supposed to present their bids on 28 April. But with no bids submitted by that date, the government set a new date of 29 June. The whole project will require US$754 million, including $80 milli
    Read More
  • Paraguay PPP project proposals
    November 26, 2015
    Proposals are expected for widening work to two major highways in Paraguay. In all seven consortia look likely to submit their proposals for the PPP widening project for Route 2 and Route 7. The Directorate of Strategic Projects (DIPE) of Paraguay's Ministry of Public Works and Communications (MOPC) has reported that seven of the eleven pre-qualified firms have shown string interest in the work. The project is due for completion after 2019 and will cost close to $400 million. Bidding for the project will no
    Read More

Highlighted Content