The Sacyr-led consortium, Rutas del Este, has closed the financing of the Routes 2 and 7 road project for a total investment of EUR440 million (US$500 million).
The project will be financed by loan packages structured by Goldman Sachs and the Inter-American Development Bank (IDB Invest). Sacyr and Paraguayan firm Ocho A which owns 60% and 40% of the project, respectively, will contribute EUR70 million (US$80 million) each.
The funds secured will be used in the splitting of the two main roads in Paraguay: Route 2, between the capital, Asunción, and Coronel Oviedo; and Route 7, between Coronel Oviedo and Caaguazú.
The road projects will be improved, operated, and maintained by Rutas del Este.
Country updates
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December 03, 2018
Sacyr amends PPP contract for road project in Paraguay
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, co...
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October 12, 2018
Paraguay cancels tender for airport PPP project
The Ministry of Public Works and Communication (MOPC) of the government of Paraguay has officially cancelled the tender for a private partner to modernise and construct a new terminal a...
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September 20, 2018
MOPC inaugurates San Cristóbal - Naranjal section on Route 6 in Paraguay
The Ministry of Public Works and Communications (MOPC) in Paraguay has inaugurated section 2 of San Cristóbal - Naranjal road on Route 6 in Paraguay. The Section 2 is a 7.7 km, US$6....
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February 13, 2018
Financing secured for first section of US$500 million road PPP in Paraguay
The consortium Rutas del Este SA has secured a US$50 million financing package for "Section Zero" of the project to upgrade National Routes 2 and 7 in Paraguay. Route 2 links Asunci&oac...
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November 07, 2017
Paraguay govt backs airport P3
The Public Works Ministry of Paraguay (MOPC) intends to save a US$149 million PPP tender for the modernization and expansion of the Silvio Pettirossi international airport. Th...
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