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 highway concession awarded
    June 3, 2022
    An important Brazilian highway concession package has been awarded.
    Read More
  • China looks to the future with major highway plans
    February 15, 2012
    China is still moving ahead with plans that will give it the world's biggest highway system. Patrick Smith reports. As China's economy grows even more, keeping the country on the move has become a priority for the government. While the country has made great strides over the past decade in improving its infrastructure, the number of vehicles has also increased rapidly, and in some instances restrictions have been placed on them.
    Read More
  • Poland's highway plans to go ahead
    May 15, 2012
    In Poland, the European Investment Bank has committed itself to maintaining its loan agreement for the A1 highway, despite recent problems over the project. The e1.1 billion loan that the EIB had agreed with Autostrada Poludnie for construction of a 180km section of the A1 highway from Strykow to Pyrzowice, will now be placed at the disposal of the Polish highway authorities. To carry out the work, Poland has to raise a further e503 million, which could be obtained from an issue of road bonds. Autostrada Po
    Read More
  • New US$200 million ring road to be built in Belarus capital Minsk
    May 23, 2014
    Minsk is to benefit from a new ring road that will cut city congestion - Eugene Gerden reports The government of Belarus is investing more than US$200 million in the building of a new ring road around the country’s capital Minsk, in accordance with a government decree. Implementation of the project is taking place as part of the existing large-scale state road building programme in the country until 2017, with the total cost estimated at US$5 billion. The new road will measure some 85km long and will feat
    Read More

Highlighted Content