[China-Venezuela Joint Fund] The Santa Lucia-Kempis Highway Expansion Project (Linked to Record ID#58677)

[China-Venezuela Joint Fund] The Santa Lucia-Kempis Highway Expansion Project The Santa Lucia-Kempis Expressway project is the first EPC project under the multilateral cooperation framework of China, Brazil and Venezuela, with a contract value of $600 million. The funding of this project was allocated through the China-Venezuela Joint Fund.

The project is carried out by the China Hydropower Corporation, which is based on the Engineering Bureau, as the responsible party (accounting for 80% of the contract share).

The scope of the project includes the design, procurement, construction of the new 20-kilometer highway and the widening of the existing 4-kilometer highway. The project will be implemented in two phases with a total construction period of 24 months.

The project was formally signed in January 2014, and the first board of directors of the joint venture was held in April to determine the basic operational framework. Construction started in August 2014.

On the morning of December 10, 2014, the expansion section of the Venezuelan Sancan Expressway Project, which was led by the Eighth Bureau of Hydropower and Power Engineering, a subsidiary of POWERCHINA, was completed and opened to traffic.