Contract signed for USD221.2 million road PPP project in Ecuador
Ministry of Transportation and Public Works (MTOP) in Ecuador has signed the concession contract for Naranjal to Tenguel road section with Concesionaria Integral–Intervías SA.
The scope of the project involves the expansion of the road to four lanes and the construction of the Naranjal side passage. The company will be responsible for design, financing, rehabilitation and expansion to four-lane for 45.7-kilometer long Naranjal-Tenguel Road Corridor.
The concession period for the project is 30 years, including 3 years for the construction of the road. The project aims to benefit in areas of transport, production and trade of the provinces of Guayas and Azuay.
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