Ecuador's Ministry of Transport and Public Works has opened the expression of interest process to qualify national and international bidders for the development of the Santo Domingo - Quevedo and the Quevedo - Babahoyo - Jujan highways under PPP model.
Infrastructure/PPP news in Central and South America
As promised by the Mayor of Bogotá less than two weeks ago, the Bogotá Metro Company (EMB) has announced the opening of the tender to design, partially finance, construct, operate and maintain the first line of the city's metro system. The total cost of the PPP project is US$4.4 billion.
The Inter-American Development Bank (IDB) has approved a US$600 million conditional credit line for the Bogotá Metro. The first loan of the credit line, amounting to US$70 million, will finance the construction of the first line of the planned system, which is to be undertaken by a private partner.
The Autopista al Mar 2 (Autopistas de Urabá) project, which involves a 254km highway that will connect Cañasgordas to Necoclí, in Antioquía, a department in north-west Colombia, has reached financial close. The estimated total investment is COP2.57 trillion (US$891 million).
The Development Bank of Jamaica has confirmed the receipt of three bids for the Norman Manley International Airport (NMIA) PPP project. Proponents are competing to operate, finance, develop and maintain the airport, the second largest in Jamaica, located approximately 30.5km from Kingston city centre.
Estrada do Feijão Bahia, a consortium comprising Paviservice and SVC Construções, has been awarded the concession contract to rehabilitate and maintain the BA-052 road in Bahia, a state in the north-east of Brazil. Estrada do Feijão Bahia will invest approximately BRL700 million (US$185.8 million) throughout the 20-year contract.
Peru's Private Investment Promotion Agency (ProInversión) has launched the tender for the design, financing, construction, operation and maintenance of a wastewater treatment system for the Lake Titicaca basin, located in Puno, in the south-east of the country. The project has an estimated total investment of PEN840 million (US$255.5 million).
Corporación América Airports S.A. has announced today that its 50.0% owned subsidiary Terminal Aeroportuaria de Guayaquil S.A. (TAGSA), which operates and maintains the Guayaquil Airport in the city of Guayaquil, Ecuador, has amended its concession agreement.
The Government of Argentina has announced that a 700km section of the North Patagonia railway will be upgraded through a public-private partnership (PPP). The estimated total investment required is US$570 million.
MegaProject 1291: Abertis closes the investment agreements in its toll roads network in Argentina in exchange for the extension of the duration of its concessions
Spanish toll roads and infrastructure operator Abertis has closed with the government of Argentina two agreements to extend the concession contracts of both subsidiaries in the country, Autopista del Sol (Ausol) and Grupo Concesionario del Oeste (GCO)
MegaProject 1290: Salvador Bahia Airport and Banco do Nordeste (BNB) agree on financing of the airport's modernization project
Vinci's subsidiary Salvador Bahia Airport and Banco do Nordeste (BNB) have announced to have reached an agreement for a BRL516 million (US$132.14 million) loan to finance the first phase of renovation and expansion works at the airport, which will be completed by October 2019.
The Puerto Rico Public-Private Partnerships Authority (PRP3), in collaboration with the Puerto Rico Electric Power Authority (PREPA), has launched the tender process for a private partner for a project that seeks to deploy a utility-scale energy storage system on the island.
The Brazilian National Bank for Economic and Social Development (BNDES) has approved a BRL508 million (US$134.2 million) loan to BH Airport, the owner of the concession to operate Tancredo Neves/Confins International Airport in Belo Horizonte, located in Minas Gerais state, south-east Brazil.
The Government of Brazil has launched the fifth round of airport concessions tenders. The Investment Partnerships Program (PPI) has announced that the public consultation phase has started, with an auction scheduled for the fourth quarter of 2018.
China Harbour Engineering Company (CHEC) is developing a knowledge city and edu-tourism venture in partnership with the University of the Commonwealth Caribbean (UCC) in Jamaica, through a build-operate-transfer agreement.
The Export and Investment Promotion Agency of El Salvador (PROESA) has announced that its Board of Directors has approved economic, financial, fiscal and social feasibility studies for two projects to be developed through public-private partnerships.
The Evaluation Commission of National Roads in Argentina has signed a resolution to award six PPP projects which altogether require around US$8 billion investment. The projects involve the design, construction, expansion, improvement, repair, remodeling, operation, maintenance and commercial exploitation of roads located throughout the country, grouped into six corridors.
CCR has agreed to acquire a further 48.15% in Aeris Holding, which owns the concession to operate San José airport in Costa Rica, for US$60 million. The acquisition increases CCR's stake in the company from 49% to 97.15%.
The Bogotá Metro Company (EMB) has announced that it has begun negotiating financing for the Line 1 PPP project with the World Bank and Inter-American Development Bank (IDB). The state-owned company is hoping to secure US$600 million from both financiers for the design, financing, construction, procurement, testing, commissioning, operation and maintenance of the first line of the Bogotá Metro.
The operators of the renowned London Underground and Paris Métro are reportedly competing for the concession to operate the metro system in Buenos Aires, known as the Subte. The contract is thought to be worth around US$3.5 billion over 10 years.