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

  • JCB bullish for anniversary
    February 28, 2012
    JCB has marked its 65th anniversary and is reporting a strong recovery from recession.
    Read More
  • Brazil sees increase in motorway traffic
    August 20, 2013
    Motorway traffic in Brazil is increasing again, following three quarters of decreasing vehicle numbers on the roads. Road concessionaire CCR reported an overall 6.2% year-on-year increase in traffic April-June 2013, seeing growth of 10% on some of its motorways. EcoRodovias, meanwhile, recorded a 7.7% increase over the same period, said to be down to additional HGV traffic. Similarly, Arteris registered a 5.6% increase in motorway traffic in Q2 2013, expecting overall growth of 4.4% for 2013.
    Read More
  • Colombia motorway projects worth US$4.45bn up for tender
    March 15, 2013
    A series of four motorway projects in Colombia, known as the Autopistas de la Prosperidad, covering 844km and costing US$4.45 billion (COP 8tn), will be put out to tender from 11 April 2013. As well as the high profile road schemes, due to be awarded in October 2013, the government has also announced that a programme to boost national growth and productivity will be implemented. The Colombian financial budget for 2013 has been adjusted, signifying a $1 billion drop in foreign loans, while efforts will be ma
    Read More
  • NSW Australia investing in transport
    June 20, 2013
    Australia’s New South Wales (NSW) Government has outlined its massive transportation investment in the WestConnex project. This will be the largest urban transport project in the history of New South Wales. Some A$1.8 billion will be invested over four years from Restart NSW, the state’s new infrastructure fund. to finance the WestConnex project. And A$111 million will be committed in 2013-14 to get work underway on the 33km motorway. The NSW Government will fund the initial sections of the motorway. Privat
    Read More

Highlighted Content