Teixeira Duarte to build Venezuela motorway project

Portuguese construction company 7388 Teixeira Duarte has signed a memorandum of understanding with the Venezuela Government formalising the commitment to build the new US$4.4 billion motorway linking Caracas - La Guaria.

Of the overall 19km-long motorway link, 9km will be through road tunnels, while another 4km will be built in viaducts with three lanes in each direction. The works should be completed in 54 months. Teixeira Duarte also submitted a technical and economic proposal for the development of another four projects which involve the construction of quays and renovation of existing ports.