Arteris of Brazil plans to spend up to US$2.26bn by 2017

Brazil motorway concessionaire Arteris, formerly OHL Brasil, could spend up to US$2.26 billion (BRL 4.5bn) by 2017, instead of an initially planned BRL 3.5 billion. The company is to turn Serra do Cafezal (Rodovia Regis Bittencourt) and BR-101 in Rio de Janeiro into dual carriageways, in addition to Autopista Fluminense and Autoposta Litoral Sul. Arteris says it has a BRL 1.8 billion loan from national development bank BNDES to help with its investments. However, the company says it plans to raise some BRL
January 31, 2013 Read time: 1 min
Brazil motorway concessionaire 7126 Arteris, formerly 980 OHL Brasil, could spend up to US$2.26 billion (BRL 4.5bn) by 2017, instead of an initially planned BRL 3.5 billion. The company is to turn Serra do Cafezal (Rodovia Regis Bittencourt) and BR-101 in Rio de Janeiro into dual carriageways, in addition to Autopista Fluminense and Autoposta Litoral Sul.

Arteris says it has a BRL 1.8 billion loan from national development bank BNDES to help with its investments. However, the company says it plans to raise some BRL 700 million more.

For more information on companies in this article

Related Content

  • Autopista Fluminense to invest US$482.39mn in Brazil’s BR-101 motorway
    September 18, 2013
    The concession company responsible for Brazil’s BR-101/RJ motorway is planning to expand and improve the route by investing US$482.39 million (BRL 1.1 billion) in it by 2018 and $1.44 billion (BRL 3.3 billion) by 2033. Autopista Fluminense has already invested $320.09 million (BRL730 million) in the motorway and is advancing with more projects since it has received all necessary environmental licences.
    Read More
  • Increased infrastructure spending
    February 22, 2012
    With economies booming in the BRIC countries and other regions, spending on infrastructure is at a high - Patrick Smith reports As economic crisis grips much of the world, many countries are still spending billions on infrastructure to improve transportation. While the USA and Europe struggle with debt problems (and this has affected much of the rest of the world) the development of highways, airport, ports and other infrastructure is gathering pace in other regions to boost economic developments.
    Read More
  • Brazilian Government plan dual carriageways tenders in 2013
    February 21, 2013
    Brazil’s government will soon be launching a call for tenders to turn 1,038kms of roads into dual carriageways, with US$3.57 billion (BRL 7bn) of associated contracts up for grabs. The projects, being made available by the government via its Dnit transport infrastructure department, include some of the main road arteries in the country, such as the BR-381 in Minas Gerais, where some BRL 1bn will be invested. The government hopes Dnit will be able to invest a total of BRL 14 billion in road infrastructure du
    Read More
  • Brazil launches new transport infrastructure investment plan
    August 30, 2012
    The Brazilian government has announced a new transport infrastructure investment plan involving the concession of motorway operations and modernisation of the railway sector. The private public partnerships are predicted to lead to an investment of US$65.68 billion (BRL 133bn) in the next 25 years, including US$ 39.63 billion (BRL 80bn) to be spent in the first five years of the contract.
    Read More

Highlighted Content