The Construction Index
May 30 2012

Isolux Corsan is to construct more than 550km of roads under what is
described as Armenia's largest-ever roads contract.

The company beat five other bidders mostly of Chinese origin to win
the contract, which will run through the Caucasus region in Armenian
and Georgian territory.

The is valued at US$250m (159m) and is funded by the Armenian
government and the Asian Development Bank.

In the Caucasus region, Corsan-Corviam will build three sections:
Erivan-Ashtarak (11.7 km), Erivan-Ararat (38 km) and Ashtarak-Talin
(42 km), all of which form part of the corridor linking Central Asia
and Iran with Europe. The first section is to take 36 months, with
18 months allocated for sections two and three.

According to Ramon Aige, European area director for Corsan-Corviam,
"the uniqueness of the project lies not only in the size, but also
in the fact that Armenia is a country that does not have significant
activity in the construction sector, so beginning the works in a place
without prior implantation requires a special effort in developing
the project."

Ignacio Campos, commercial director in India said: "This award allows
us to position ourselves in a new high-potential market."