Time extension for Paraguay project financing

A time extension has been offered to the consortium that will build Paraguay’s Ruta 2 and Ruta 7 highway projects. This extended period has been authorised by Paraguay’s Ministry of Public Works and Communications (MOPC). The highway contract is being handled by the Rutas del Este consortium, which is made up of the contractors Mota Engil, Ocho A and Sacyr. Originally the financing package for the highway deal was to have been in place by April 14th 2018. However the consortium’s deadline for the PPP
April 19, 2018 Read time: 1 min

A time extension has been offered to the consortium that will build Paraguay’s Ruta 2 and Ruta 7 highway projects. This extended period has been authorised by Paraguay’s Ministry of Public Works and Communications (MOPC). The highway contract is being handled by the Rutas del Este consortium, which is made up of the contractors Mota Engil, Ocho A and Sacyr. Originally the financing package for the highway deal was to have been in place by April 14th 2018. However the consortium’s deadline for the PPP project has now been extended to October 2018. The contract involves building 149km of highway and is expected to cost US$527 million. The consortium has been handling negotiations over loans for the project, with the Inter-American Development Bank (IADB) being involved as one of the potential backers.

Finance & Funding

Related Content

  • Paraguay road contract financing model changed
    October 15, 2019
    A different financing model will now pay for work to upgrade Paraguay’s Route 2 road link.
    Read More
  • Funding required for road projects in Paraguay
    June 13, 2019
    Funding worth US$500 million has still to be secured for road works in Paraguay. A consortium, Rutas del Este consortium, requires the financing to carry out the widening and upgrade work to Ruta 2 and Ruta 7. The work will be carried out under the PPP model, the first time this has been utilised in Paraguay. Rutas del Este comprises the contractors Sacyr and Ocho A. The consortium will operate the highway under a 30 year concession.
    Read More
  • Paraguay highway project – financing package being secured
    June 28, 2019
    A finance package is being secured for the project to widen Route 2 and Route 7 in Paraguay. The package is worth US$500 million in all. The work for the project is being handled by the Rutas del Este consortium. Sacyr holds 60% of the consortium, with Ocho A holding the remaining 40%. The Rutas del Este consortium holds a 30-year concession for the two routes.
    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

Highlighted Content