OHL Concesiones signs contract extension of road PPP in Peru
OHL Concesiones has announced it has signed with the Ministry of Transport and Communications of Peru a contact extension to the concession contract of the Northern Toll Road, which connects the cities of Pativilca and Trujillo, in the south and the north of the country respectively.
The contract extension involves construction adn operation of a bypass to the town of Chimbote with a length of 40 Km. The extension will expand the road stretch from 356 Km to 396 Km.
The new works are expected to be executed in 18 months and the total investment will reach US$148 million.
With an annual average daily traffic of 35,954, the road is a part of the Pan American Highway North, a major road link running along the Peruvian coast.
The Northern Toll Road is an important corridor in the region with the most intense commercial activity in the country and where 39 % of the total population lives. The area of influence of the infrastructure encompasses part of the departments of Lima and La Libertad and the entire department of Ancash, improving regional connectivity with the ports of Paramonga, Chimbote and Trujillo.
The concession was awarded to OHL Concesiones in December 2008 in order to upgrade the Northern Toll Road. The concession started in February 2009 and it will finish in February 2034 (25 years).
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