Paraguay road widening – financing settled

Financing is being secured for road widening work in Paraguay.
October 14, 2019 Read time: 1 min

The US$290 million in bonds arranged by the Paraguayan Government will help pay for the widening or Route 2 and Route 7. A further $200 million is being provided by the Inter-American Development Bank (IADB). The work is being handled by a consortium, Consorcio Rutas del Este, which comprises Ocho A and Sacyr. Construction started in August 2019 and should take three years to complete, while the joint venture partners have a deal that allows a 27-year concession package for Route 2 and Route 7.

Asphalt milling, paving & compaction

Related Content

April 17, 2019

Paraguay’s key road widening works commencing

Widening work is planned for Route 2 and Route 7 in Paraguay. These highway stretches play important transport roles for the country, linking with capital Asuncion and also connecting the Eastern and Western borders of the country with neighbouring Argentina and Brazil. Construction work is due to commence in mid-2019, although the complete financing package for this PPP project has yet to be finalised. Funding of around US$500 million will be needed for the work, with the project being Paraguay’s first PPP
boombox1

Highlighted Content

boombox2