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Caracas - La Guaira Toll Road

Sector: Automotive • Location: Vargas, Venezuela, RB

Source: World Bank Group

Project
Active

The project involves the rehabilitation of the highway, construction of a bridge and maintenance throughout the concession period. Aucoven will not pay taxes on the toll revenues . From the total estimated investment, the sponsors have already invested US$ 10 million; the financing for the remaining cost has been requested from the BID. The estimated average daily traffic flow is 57,030 vehicles.

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Project Information

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The project “Caracas - La Guaira Toll Road” is an infrastructure initiative in the Automotive sector, located in Vargas, Venezuela, RB. Taiyo aggregates data on it from World Bank Group.

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Participants

Sponsoring Agency

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Status

Original status

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Email

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Description

Description

The project involves the rehabilitation of the highway, construction of a bridge and maintenance throughout the concession period. Aucoven will not pay taxes on the toll revenues . From the total estimated investment, the sponsors have already invested US$ 10 million; the financing for the remaining cost has been requested from the BID. The estimated average daily traffic flow is 57,030 vehicles. As of January 2000, the government is considering the possibility of canceling the contract with Aucoven on the grounds that the tolls being charged are too high to the quality of the service provided. In Jun. 2000, Aucoven has started an international litigation process arguing that the government has failed to follow the concession contract clauses. None None

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Original Currency

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Source

Source reliability

High

Data quality score

100%

Source

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URL

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More Details

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