Sacyr-led Grupo Vía Central consortium (GVC) has received a contract to deliver the €735m Uruguay Central Railroad project.
Besides Sacyr, Uruguayan companies Saceem and Berkes, as well as French company NGE, are also part of the GVC consortium.
The Central Railroad project involves overhauling 273km of the railway, which connects Paso de los Toros city and Uruguayan capital of Montevideo.
GVC representative Alejandro Ruibal said: “Each of the companies of the consortium have the experience and professionalism necessary to carry out this work, we have outstanding human teams that will be essential to achieve the goal.”
Under the terms of the contract, GVC will be responsible for financing, designing and construction of the project for 36 months. The consortium will also provide maintenance services for 18 years.
GVC has completed the initial stage of the financial structuring to carry out the work.
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The first stage of the project works includes devising cartography plans, soil tests and design adjustment.
Subsequently, construction field offices will be installed and the current railroad will be removed.
The overall project works will include modernising the signalling systems, upgrading the railway level-crossings and overhauling 25 stations and passenger stops along the route.
Earlier this month, Inter-American Development Bank (IDB) Group member IDB Invest approved a $500m financial package for the Central Railroad project.
Recently, Sacyr Somague secured another rail contract in Portugal. The €130m contract involves the construction of a 40km-long railway, which will form part of the Southern International Corridor.
The corridor connects the southern ports of Portugal with the Spanish railway network.