Sacyr, through its Sacyr Concesiones division, is entering Paraguay with the award of a contract for the construction and operation of “Road 2” (between Asunción and Coronel Oviedo) and “Road 7” (between Coronel Oviedo and Caaguazú), with a planned investment in construction amounting to 520 million dollars and a revenue backlog of 1.47 billion dollars in a 30-year concession.
This is the first roadway project under the new APP Law of Paraguay [APP: Public-Private Alliance], and the development of this project is vital to the country’s growth: this is the most important corridor of the country, where 70% of the country’s economic activity is concentrated.
The contract encompasses 170 km of roadways that will be widened, improved, operated, and maintained by the concessionaire, including the construction of 5 by-passes between the cities of Asunción and Caaguazú. Maintenance of the corridor will substantially improve the standards of quality and will have an impact on greater driver safety and comfort.
The awarded consortium, led by Sacyr Concesiones, together with Mota Engil and Ocho A, combines proven experience and prestige on roadway infrastructure projects, as well as considerable knowledge of the local market. The call for tenders issued by the Ministry of Public Works and Communications received major interest from national and international companies, 13 of which were pre-qualified in the final phase to carry out this project.
Highlights of the main actions that will be carried out include the following