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BREAKING NEWS
Cristian Espinosa was appointed Ambassador of Ecuador to the United States
Daniel Noboa receives the credentials of the new United States ambassador
40,000 women will receive scholarships in higher education
Julian Assange released from prison, after agreement with the United States
Armed Forces: Criminal gangs have lost USD 1.2 billion due to military operations in Ecuador
Minister of Defense: “It is not fair that some risk their lives, while others play with justice”
How can green banana flour enhance baked goods?
“I’m crazy for wanting to serve my country,” says Daniel Noboa at the presentation of “La Cárcel del Encuentro” in Santa Elena
Construction of the Encuentro maximum-security prison in Santa Elena begins
National blackout in Ecuador due to transmission line failure, confirms the Government

A mega-project fraught with costs, delays, and conflicts

Posted On 28 Aug 2017

Ecuadornews:

 

 

The Petroecuador project, which began in 2013 with construction and control contracts for about $ 400 million, will end up with a total cost of $ 553 million, according to forecasts. The  Pascuales-Cuenca poly duct project, in charge of Odebrecht, increased from $ 370 million to $ 527.19 (including price readjustment).

 

Odebrecht has outstanding accounts
The Pascuales-Cuenca pipeline is one of the most expensive strategic projects awarded to Odebrecht.
The construction contract, for $ 369,976,391.32, was signed on October 17, 2013, for 700 days, but at least five contract extensions were subsequently approved.
Petroecuador demanded Odebrecht to finalize the pending observations stated on the provisional reception of the contract and others that were generated in the operation of the facilities. (I)

 

Source: http://www.expreso.ec/actualidad/poliducto-megaobra-presupuesto-costos-retrasos-FY1652645

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