El Salvadorian construction firms Visa, Montipac and Servi are to begin work on an 83km stretch of the Corredor longitudinal highway in capital San Salvador, national road investment fund Fovial's executive director, Eliud Ulises Ayala, told BNamericas.
The work is the second phase of a three-part project to completely upgrade the highway. The first phase was completed in October and the third stretch will be tendered later this year, the executive said.
The project is one of the most important to be covered by Fovial's planned US$46.8mn investment in maintenance work on paved roadways in 2011.
Fovial has signed 22 contracts for routine maintenance on some 3,484km of roadways, worth some US$25mn, the authority said in a release.
The fund spent 94% of its US$66mn budget on projects in 2010 and aims to improve this figure in 2011, according to Ayala.