A consortium led by Sacyr companies has rehabilitated the Pirámides-Tulancingo-Pachuca highway in Mexico.

The €72.2m project involved modernising the 91.5km-long highway that features two lanes on each side. It forms a key part of the main axis connecting the Pacific Ocean with the Atlantic Ocean.

The scope of work included renovating the road and its embankments, bridges and structures.

The consortium was also responsible for associated drainage works, renovating signage and safety devices and other road maintenance services to ensure the route complies with global performance standards for toll-free roads.

In the project, Sacyr used asphalt containing RARx, a product made of end-of-life tire powder with other additives to improve the properties of mixtures.

The contract for the project was awarded in 2017.

The highway project will now operate under concession for ten years using a public-private partnership (PPP) model.

This will provide the company with a revenue of nearly €214m over the ten-year period. It also includes the renovation and maintenance of two sections of two federal highways in the states of Mexico and Hidalgo.

A Spanish construction company, Sacyr has been present in Mexico since 2009, carrying out several civil engineering and infrastructure projects.

Last month, the company secured $520m in financing for a highway project in Colombia. Eight international groups and one Colombian financial group participated in the financing round.

The funding will be put towards the 62km-long Pamplona-Cúcuta dual carriageway project.