Acciona secures $713m ring road contract in Brazil
Sao Paulo infrastructure upgrade to ease international airport traffic
Spain’s Acciona Infrastructure has secured two contracts worth $713m for the northern section of the Rodoanel Mario Covas roadway in São Paulo, Brazil.
The two contracts are for the development of lot 4 and lot 6 of the six lot-Northern Section of the Rodoanel Mario Covas roadway project, which serves as an important transport artery in São Paulo.
Construction of the two lots, worth $500m and $313.7m, involves 25km of road.
Acciona said the total construction work comes to 44km and will complete the 177km-long ring road, which has been under construction for about 10 years with the aim of reducing congestion and pollution in the city.
According to Acciona, the project will also help improve access to the country's two main international entry points - namely the port of Santos and Guarulhos airport.