Sacyr presents only bid for USD 575m highway in Chile

31 May 2019 - 12:00 am UTC

Spanish developer Sacyr was the only bidder of the USD 575m (UF 13.4m) G-66 Camino de la Fruta highway project, according a government press release.

The economic bid of Sacyr will be opened on 26 June, and the award of the project is expected for 2H19, according to the press release.

The project involves the improvement of 142km of roads from the Metropolitan area of Santiago to the region of Valparaiso. The project will help connect the port of San Antonio, that the authorities are looking to expand.

The project includes 12km of double lane, and 18km of third lanes added, as well as 22 km of bike paths, and other pedestrian and public transport infrastructure improvements.

Initially launched in 2014, the project faced several delays and postponements, after it was officially relaunched in 2017.

The government expects construction to start in 2021, with some parts of the project becoming operative in 2023.

According to the government 19 companies acquired the tender documents, and Grupo Costanera and Intervial decided to step down of the bidding process in the last stage, according to the local newspaper Diario Financiero.

 

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