Quito seeking private investment for 2 highways in US$6bn financing package

The mayor of Ecuadoran capital Quito, Pabel Muñoz, is seeking US$6bn in private sector investments for a series of works that the government plans to carry out in the metropolitan district.

The list of works includes improvements on two important highways, the Simón Bolívar and the Ruta Viva roads, which are outlined in the 20-year mobility master plan for the city that is due to be announced this month.

The mayor added that various alternatives such as public-private associations (PPPs), strategic partnerships and concessions will be considered to carry out the works.

The two roads to be upgraded are located in the east of the capital. Muñoz said that works on the Simón Bolívar road are intended to improve safety and allow greater traffic speeds, while an extension is planned for the Ruta Viva highway.

One of the alternatives being considered to finance the works on the highways would be to implement tolls for users.

Muñoz, who took office on May 14, did not give any further details of the other works included in the US$6bn investment package.