Ecuador's government will concession three major highway projects requiring a total investment of US$210mn to local firm Panamericana Vial (Panavial), the head of capital city Quito's transport division, Carlos Paez, told BNamericas.
The first project will be the 8.5km highway connecting Quito to the city's new international airport facility and to Collas highway. The national government will invest US$50mn in the project, which will be built and operated by Panavial.
The second is the expansion of the E35 highway, connecting districts Tambillo and Santa Rosa de Cusubamba. The project will require an estimated US$120mn.
The third and final project is the expansion of the Panamericana norte highway's Calderon-Guayllabamba stretch at a cost of some US$40mn.
The three projects are part of Quito's road and highway development plan, which will also involve 11 road and highway projects to be built by the local government.
When contacted by BNamericas, national government officials were unavailable to comment on the details of the concession contracts, or the decision to award them directly to Panavial.
Ecuadorian firm Panavial is comprised of local companies Herdoiza Crespo Construcciones and Herdoiza Guerrero. The firm was awarded Ecuador's first highway concession, the Panamericana highway, in 1995.