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The General Directorate of Road Maintenance in Mexico has awarded Sacyr Concesiones its first Public Private Partnership (PPP) project in the country: a 91.5-km road between Pirámides, Tulancingo and Pachuca, worth MXN3,929 million (US$221 million).
Sacyr submitted a proposal with Grupo Constructor e Inmobiliario Quarzo, a Mexican construction company
In June, the Secretariat of Communications and Transportation (SCT) received ten bids of which five were declared technically insolvent. The other teams which presented offers were:
The 10-year term project consists of the renovation, maintenance and conservation of two road sections: Pirámides - Tulancingo and Tulancingo - Pachuca, in the States of Mexico and Hidalgo. The road has an Average Daily Intensity (ADI) of 19,743 vehicles. The works that will be undertaken include asphalting, reinforcement of slopes, drainage and horizontal and vertical signage, among others.
The project is part of the National Infrastructure Program promoted by the President of the Republic, Enrique Peña Nieto. With this investment, Sacyr confirms its confidence in the country and in the structural reforms that have been achieved during the current six-year term.
This is the first contract awarded to Sacyr Concesiones in Mexico, where Sacyr Construcción and Sacyr Industrial already have several projects underway, including the large foundation slab of the Land Transport Center of the New International Airport of Mexico City, the hospitals of Querétaro and Acuña, the first section of Line 3 of the Light Rail of Guadalajara and the electrical substations in the State of Puebla and Monterrey, among others.
Its entry into the Mexican concessions sector is part of the company's strategic plan, focusing on the development of projects on the American continent, showing a firm commitment to the development of infrastructures.
The project was included in the Mexican government’s 2017 budget plan, along with other five new PPP projects. These projects have a total estimated cost of MXN11.87 billion (US$625 million).