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Paraguay awards first highway PPP

Paraguay awards first highway PPP

October 24, 2016
Nearly three years after congress passed legislation to stimulate the use of PPPs, the government awards the first contract to expand two federal highways

Paraguay Project & Infrastructure Finance

Paraguay has awarded its first its public-private partnership (PPP) to a consortium of Spanish, Portuguese and local companies to expand and maintain two of the country’s federal highways.Paraguay’s public works and communications ministry MOPC announced that Spain's Sacyr, Portugal's Mota-Engil and local road builder Ocho A won a 30-year contract for the $520m project involving the Ruta 2 and Ruta 7 highways.The announcement late Friday came nearly three years after Paraguayan lawmakers passed

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