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

  • Brazil: Dnit proposes suspending 61 projects due to lack of funds
    May 9, 2016
    Brazil's national department of transport infrastructure, Dnit, has approved a proposal to suspend work on 29 road projects across 12 states. The approval comes after severe budget cuts this year and the number of affected works could increase to 61. Dnit noted, however, that no work will be immediately stopped and that current contracts will be maintained. The proposal will now go before the Ministry of Transport and Planning and the Office of the Chief of Staff before it can receive final approva
    Read More
  • Bangkok plans to spend US$3.5bn to build mega underground tunnels
    May 24, 2013
    Thailand could emulate Malaysia's twin smart-tunnel project through its own proposed Thailand Underground Tunnelling Group (TUTG) project, with an estimated investment of US$3.5 billion. Under the TUTG propsal, two large tunnels are to be constructed in Bangkok's underground to channel the city's rainwater surplus during heavy monsoons to refill its underground reserves whose water levels are now decreasing. When there is no major flood in Bangkok, the tunnels would be transformed into an underground roadwa
    Read More
  • Brazil road concessions ending
    January 8, 2019
    A number of major road concession agreements in Brazil are coming to the end of their terms by 2021. This includes eight concession packages for key routes, extending some 2,400km in all and generating over US$521 million/year in toll revenue. Tendering will have to be carried out for all of these routes, with two of the most prominent being the Nova Dutra highway linking Sao Paulo with Rio de Janeiro and the 218km Washington Luis highway in Sao Paulo State. At present CCR has the concession for the Nov
    Read More
  • Freedonia Group study: Global construction machinery sales to US$189bn by 2017
    August 5, 2013
    Global demand for construction machinery is expected to rise 6% a year to $189 billion in 2017, according to a new study by US-based industry market research firm The Freedonia Group. The expansion will be fuelled primarily by growth in the Asia/Pacific region, particularly China, where the market will climb at a double-digit annual rate as construction spending, especially on infrastructure projects, continues to increase.
    Read More

Highlighted Content