PPP for Ecuador highway project

A 162km stretch of Ecuador’s highway route 40 is to be upgraded, improving the road’s safety and capacity. The section of highway being improved includes the stretch that links the town of Santa Elena, which lies on the Pacific Coast, with the city of Guayaquil, on the Guayas River. The contract now includes work to 30km more of the highway than was originally planned. The contractor Verdu is to carry out the PPP deal, which is expected to be worth US$231 million over the 20-year concession period.