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

  • Highway traffic management and tunnel safety
    May 14, 2012
    Austria’s new A5 autobahn is now officially open to traffic and the highway is also the first in the country being built under the PPP model. The first 16km stretch of the highway was opened in November 2009 on schedule with the second 35km section now having been opened as well. The contract was carried out by concession company Bonaventura Strassenerhaltungs, a partnership headed by German company Hochtief and Austrian firm Alpine Bau each with 44.4% stakes while French firm Egis Preojects holds the remai
    Read More
  • Colombia sets out major strategy for highway investment
    January 19, 2015
    International interest is strong in Colombia’s infrastructure expansion. Five foreign firms are competing in the country’s 4G road tender process. Fomento de Construcciones y Contratas (FCC), Sinohydro, Sacyr, Tradeco and ICA are amongst the companies competing for 10 contracts worth some US$5.88 billion. The first project opening for tender on 19th May 2015 will be for the Puerta de Hierro-Carreto-Palmar de Varela and Carreto-Cruz del Viso routes. The final tender documents for the 10 projects are being pu
    Read More
  • India’s longest tolled expressway is open to traffic
    January 2, 2013
    Earlier this year, a new expressway was opened to traffic in India, adding connectivity to the country’s road network - Mike Woof reports. India’s economic growth has fuelled a massive construction boom in the country. Road building has been set as a priority by the Indian Government to help ensure continued economic development and improve connectivity between major population centres. One major new expressway has recently opened to traffic, having been designed to international standards and provides insi
    Read More
  • Papua New Guinea is set for extensive road bridge work upgrades
    January 21, 2015
    Papua New Guinea is set to start road and bridge upgrades that could cost upwards of US$576 million. Work on bridges will be paid partly through agreements with the Australian Department of Foreign Affairs, amounting to around US$53 million, and the Asian Development Bank which is putting in nearly $32 million. The Australian Department of Foreign Affairs has also earmarked $101 million to upgrade of arterial roads to standard concrete in the port city of Lae, the capital of Morobe Province. Lae, the
    Read More

Highlighted Content