Naranjal - Tenguel Road Section

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The project entails the Naranjal - Tenguel highway PPP, which will widen a 45.5km stretch of road in the southwest of Ecuador, improving the connectivity between the provinces of Guayas, Azuay and El Oro. The 30-year contract was awarded to Intervías by the Minister of Transportation and Public Works (MTOP) and the signing occurred in October 2020. The investment contemplates the rehabilitation and expansion of 2 to 4 lanes, the construction of the Naranjal Lateral Pass that exceeds 5.45 km in length, operation and maintenance of this strategic section for productive activities and cargo transport of the national port system. The project's capex is estimated at $120 million - of which the state will finance $20 million - with further opex costs of $160 million over the concession lifetime. Construction works started on April 8, 2021 and are scheduled to take 3 years. https://www.carreteras-pa.com/noticias/ecuador-inicia-ampliacion-del-tramo-naranjal-tenguel-de-usd-260-millones/ https://www.eluniverso.com/noticias/2020/10/15/nota/8015116/carretera-naranjal-tenguel-guayaquil-machala-concesion-firma/