Cuchilla Grande consortium tapping IDB Invest for road PPP debt
The Circuito Seis Cuchilla Grande consortium – comprising ROVER ALCISA and Construcciones Viales y Civiles – has approached IDB Invest for a $45 million financing to partially fund $76 million of works on its 20-year availability-based Corredor Vial Circuito 6 road PPP concession in Uruguay.
The project works include: widening and restoring existing pavement structures; widening and restoring the intersections with other routes, secondary roads, and accesses to the main route; expanding the road between Belloni and Route 74 to a two-way street; building bicycle lanes; refurbishing and/or building bridges and storm drains; installing lighting and signage and metal guardrails; and constructing a bypass to the city of San Ramon.
The 78km highway section connects Montevideo with the Brazilian border, crossing the departments Montevideo, Canelones, Florida, Durazno, Cerro Largo, Tacuarembo, and Rivera.
