Argentina's planning and investment ministry (Minplan) has received 16 bids to carry out construction and paving work on northeastern Entre Rios' provincial highway Ruta 23.
The project had a reference price of 109mn pesos (US$27.4mn), of which 80% will be financed by an IDB loan, the Entre Rios provincial website reported.
The firm Constructora Dos Arroyos presented the lowest bid of 93.9mn pesos, followed closely by consortium Losi-JE Piton-LP Pietroboni, which bid just 35,000 pesos less.
Local construction company Equimac presented the highest offer, with 129mn pesos.
Romero Cammisa Construcciones, Alquimac, Rovial, Vial Agro, Nestor J Guerechet and Green all presented bids of less than 98.5mn pesos. Homaq, Conorvial, Eleprint, Rovella Carranza, Rava Construcciones, Burgwardt y CIA and JCR offered bids of between 102mn and 120mn pesos.
Work on the 32.7km highway stretch includes paving, building three railroad crossings and public transport shelters as well as signage and lighting.
The project is expected to take 24 months to complete, BNamericas reported previously.