Sacyr has announced that it has signed an Addendum to the public-private partnership (PPP) contract signed with the Ministry of Public Works and Communications (MOPC) of the government of Paraguay, concerning the expansion, operation and maintenance of Routes 2 and 7, which together span 170km.

The Addendum will enable the financial close of the project and the start of its construction, after the completion of the works in section 0. 

This agreement is a major step forward for Routes 2 and 7, as it establishes deadlines for the provision of the land required for the development of the project. This is a pre-requisite and essential condition for banks to be able to sign financing with the concessionaire.

The commitment established by the MOPC in the Addendum on the provision of the land will provide Paraguayan and international banks the necessary confidence to formalize the financing of this core infrastructure. Sacyr has already obtained Letters of Intent outlining funding commitments for the project.