Ecuador issues RFP to expand roadways

Ecuador issues RFP to expand roadways

Corporate & Sovereign Strategy Economy & Policy Project & Infrastructure Finance Ecuador

Ecuador’s transportation and public works ministry has begun accepting proposals for its 243km road transportation expansion project. The nation’s president, Lenin Moreno, said proceeds will target the Santo Domingo – Buena Fe, Buena Fe – Babahoyo – Jujan corridors. The transportation ministry said investment to expand the corridors to four lanes from two will exceed $1.3bn. Construction time is estimated to last three years. The concession includes a 27-year operation and maintenance contract.

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