CORRECTION – Isolux Corsan: Isolux Corsán Will Build Various Sections of Road in Armenia
MADRID, May 31, 2012 /PRNewswire/ –
In the news release, “Isolux CorsÃ¡n Will Build Various Sections of Road in Armenia” issued on 31 May 2012 11:31 GMT, by Isolux Corsan over PR Newswire, we are advised by a representative of the company that in the paragraph titled “About Isolux CorsÃ¡n” the distance in the fourth paragraph should have read “5.533 kilometres” rather than “533 kilometres” as originally issued inadvertently. Complete, corrected release follows:
– 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
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 5.533 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
Gabinete de prensa, Macarena Ramirez Aparicio (+34-91-449-32-93) |
SOURCE Isolux Corsan