Ecuador road concession contract

The concession package for a key road link in Ecuador has been awarded to the contractor Verdu. The firm has a 20-year concession for the 162km road link connecting Guayaquil with Salinas. The arrangement is being handled under the PPP model and is requiring an initial investment of US$72 million. A further sum of $232 million will be required to maintain and upgrade the link.
July 31, 2018 Read time: 1 min

The concession package for a key road link in Ecuador has been awarded to the contractor Verdu. The firm has a 20-year concession for the 162km road link connecting Guayaquil with Salinas. The arrangement is being handled under the PPP model and is requiring an initial investment of US$72 million. A further sum of $232 million will be required to maintain and upgrade the link.

Maintenance

Related Content

  • Contractor states key Nigerian bridge project on schedule
    May 1, 2014
    The consortium building Nigeria’s key Second Niger River Crossing, close to the city of Onitsha, says that the bridge will be ready for traffic on time, according to the contract requirements. The consortium is headed by German owned contractor Julius Berger Nigeria and the PPP package has been set out as a 25 year concession contract. The project is costing close to US$700 million to construct and includes the bridge itself as well as associated road and rail connections as the structure is being designed
    Read More
  • Design contract for Irish motorway
    March 19, 2019
    The design contract for Ireland’s Cork to Limerick motorway connection has now been awarded. The design package is worth €15 million and is being handled jointly by Irish firm JB Barry Transportation, Swedish company Sweco and WSP based in Canada. Building the 100km stretch of the M20 motorway is expected to cost €900 million, including eight major bridges over rivers, 44 smaller bridges over roads and two bridges over rail links. The work would also include building some small river crossings as well as up
    Read More
  • Belarus opts for a PPP road scheme
    August 12, 2019
    Belarus has started pre-qualification for what will be the country’s first public-private partnership – the M-10 motorway upgrade. David Arminas reports "There’s a little bit of almost everything in this project,” said Steve Gilpin, technical team leader and associate of engineers Ove Arup & Partners International. True to his word, there is. That was how Gilpin kicked off his presentation about Belarus’s planned M-10 motorway project to 180 international bankers, private investors, contractors and en
    Read More
  • GOMCO appoints new distributor for Ecuador
    May 16, 2018
    Potain is launching its first hydraulic topless luffing jib crane, following tests on site with select dealers in Thailand, Australia and New Zealand. It is the first topless luffing jib model from Potain and its novel hydraulic technology is said to make it easier to assemble and faster to operate. Featuring new technology, the crane is said to combine the advantages of Potain’s MCR luffing jib cranes and MCT topless cranes. The machine is said to be straightforward to assemble and disassemble the crane
    Read More

Highlighted Content