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

  • Indonesia uses Chinese loan to kick start major road projects
    August 26, 2015
    The Indonesian government is looking to spend around US$385 million of a major loan from China to construct three toll roads in the islands of Kalimantan, Sulawesi and Java. The three toll roads are Cileunyi-Sumedang-Dawuan (Cisumdawu) of West Java, Balikpapan-Samarinda of East Kalimantan and Manado-Bitung of North Sulawesi. China recently announced it would lend Indonesia around $1.5 billion for infrastructure projects.
    Read More
  • David Barwell suggests six steps for closing the UK funding gap
    January 11, 2019
    Six steps for closing the UK funding gap Plenty of private money is seeking UK investment opportunities. The government and the infrastructure sector in general must make projects more attractive, writes David Barwell* It is widely acknowledged that the UK faces mounting economic, environmental and social problems if the nation's infrastructure fails to meet present and future demands. Government estimates propose that almost €561 billion is required to bridge the infrastructure funding gap. As part o
    Read More
  • Construction of the Gordie Howe Bridge could start in mid-2018
    May 12, 2017
    Construction of the US$2.1 billion Gordie Howe International Bridge is expected to start in late 2018, according to the authority in charge of the project. Preliminary early works on bridge – the second to span the Detroit River ? between Detroit, Michigan in the US and Windsor, in the Canadian province of Ontario have started. A main contractor is likely to be appointed by mid next year. The first phase of early works has focused on fill placement, construction of a perimeter access road and minor utility
    Read More
  • Construction of the Gordie Howe Bridge could start in mid-2018
    May 12, 2017
    Construction of the US$2.1 billion Gordie Howe International Bridge is expected to start in late 2018, according to the authority in charge of the project. Preliminary early works on bridge – the second to span the Detroit River ? between Detroit, Michigan in the US and Windsor, in the Canadian province of Ontario have started. A main contractor is likely to be appointed by mid next year. The first phase of early works has focused on fill placement, construction of a perimeter access road and minor utility
    Read More

Highlighted Content