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

  • New northern relief road for Moscow
    August 20, 2015
    New Concession Company to build northern relief road of Moscow Kutuzov Avenue – Eugene Gerden writes New Concession Company has won a tender for the building of the Northern relief road of Kutuzovsky Avenue, a major radial avenue in the Russian capital Moscow. The firm is part of Leader company (one of Russia's largest management companies), owned by Yuri Kovalchuk, a well-known Russian businessman, who is reportedly close to Russia’s president Vladimir Putin. It is planned that the building of the n
    Read More
  • Fluor and ACS Infrastructure Canada win Gordie Howe Bridge deal
    October 2, 2018
    Bridging North America will build the Gordie Howe Bridge, named after a famous Canadian ice hockey player and leading scorer A partnership including Fluor Canada and ACS Infrastructure Canada has been chosen to design, build, finance, operate and maintain the Gordie Howe International Bridge project. The client, Windsor-Detroit Bridge Authority (WDBA), announced the appointment of Bridging North America group in the Canadian city of Windsor, across the Detroit River from Detroit in the US state of Michig
    Read More
  • Puerto Rico highway attracting bids
    February 29, 2012
    An interesting development is being seen in Puerto Rico, with various financial institutions bargaining hard to win a key highway concession.
    Read More
  • Mexican road projects in hand while others face delays
    February 23, 2012
    Several key highway developments are being planned in Mexico, although project delays are now facing increasing public scrutiny.
    Read More

Highlighted Content