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

  • Mexico highway funding package secured by OHL
    October 4, 2017
    Funding has been found to help pay for building and operating Mexico’s Atizapan-Atlacomulco highway. OHL is building the link and has secured US$364.6 million in loans for the project. The financing package is being provided by several banks, including Santander, Institucion de Banca Multiple, Banco Nacional de Obras y Servicios Publicos (Banobras) and Santander Mexico.
    Read More
  • Seittsa set to take on management of bankrupt Spanish motorways
    July 31, 2017
    The Spanish government has given the green light for the state-owned transport infrastructure firm Seittsa to manage nine bankrupt toll motorways. The deal is for Seittsa to prepare the terms for their retender to private companies by the end of next year. Spanish media report that the cost is set to be lower than the €3.5 billion previously estimated by some analysts. The arrangement comes after three years of failed attempts by the government to step in and facilitate debt restructuring between the invest
    Read More
  • India plans major infrastucture investment
    February 10, 2012
    India says it turned its Commonwealth Games into a world-class success, and now it aims to do the same with its infrastructure. Patrick Smith reports. On October, 2010 India put itself on the world stage, and disaster appeared to loom as a catalogue of problems dogged its biggest ever sporting event. Costing nearly US$2 billion to stage, the most expensive Commonwealth Games ever were, according to some, in doubt.
    Read More
  • Cutting road deaths around the world
    February 27, 2020
    A new funding source will help cut road deaths around the world.
    Read More

Highlighted Content