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Isolux Corsan Will Build Various Sections Of Road In Armenia

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  • Isolux Corsan Will Build Various Sections Of Road In Armenia

    ISOLUX CORSAN WILL BUILD VARIOUS SECTIONS OF ROAD IN ARMENIA

    PR Newswire
    May 31 2012

    - The project, valued at $250m, is funded by the Asian Development
    Bank - The works are scheduled to take up to 3 years

    Isolux Corsan has been awarded a contract to build 91.7 kilometres of
    road in Armenia. The project is located in the country's north-south
    communication corridor, 550 km long, which will connect Armenia with
    Iran to the south and with the Black Sea via Georgia to the north. It
    will require a capex of over $1.5 bn.

    The section awarded runs between Ashtarak and Talin. The company
    will be building additional lanes and new road on the existing M-1,
    and refurbishing the stretch between Yerevan and Ashtarak,-as well as
    refurbishing and enhancing the existing M-2 between Yerevan and Ararat.

    The project awarded, with a tender value of $250m, is funded by the
    Asian Development Bank.

    For Isolux Corsan, this contract opens the door into a new market with
    enormous potential, and the expansion of its construction division
    in a location the company considers strategic for its development.

    About Isolux Corsan

    Isolux Corsan is a major global company in the power, concession
    and construction businesses. It operates in over 30 countries on
    four continents. Its main growth drivers are the construction of
    large transport infrastructure, such as toll roads, railways, air-and
    sea-ports, hydro-power plants, and singular buildings. Isolux Corsan
    manages concessions that operate 533 kilometresof transmission lines
    in India, Brazil and the USA; 1,610kilometresof toll roads in Brazil,
    India, Mexico and Spain, and over 22,000 parking spaces in Spain.In
    the power industry, the group generates 250 GW/h of solar photovoltaic
    energy in Spain, Italy and India each year, and is a key player in
    the engineering, procurement and construction (EPC) of power plants,
    with 1,500 MW currently under construction. http://www.isoluxcorsan.com

    ISOLUX CORSÁN:

    Gabinete de prensa, Macarena Ramírez Aparicio (+34-91-449-32-93)
    | [email protected]

    SOURCE Isolux Corsan

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