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Three local companies placed technical and economic bids on Friday for the concession to upgrade and operate the 80km Pando-Minas stretch of Uruguay's Route 8, a spokesperson from the Transport and Public Works Ministry (MTOP) told BNamericas.com.
The companies are Grupo Colier, Hernandez y Gonzalez and Ramon Alvarez, the spokesperson said.
Technical offers will be studied for a 10-15 day period by a commission from the MTOP's road and highway department before economic offers are opened, the spokesperson said. The date for the opening of the economic offers has not been set.
Once the commission has selected the winner the decision must be ratified by Uruguay's comptroller, and subsequently by the presidency.
The concession period will be set according to the winning offer, and the project will require investment of around US$14mn which will be provided by the concessionaire.
Works include the construction of a multi-level junction on the Route 8 and Route 11 intersection, resurfacing works on the Pando-Solis de Mataojo stretch, and remodeling and installing lighting on the Route 8, Routes 82 and 87 intersections.
The concessionaire will also resurface breakdown lanes, repair a bridge and upgrade signposting and safety features as well as provide maintenance over the concession period, according to the MTOP.