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

  • Egis expands in Brazil with acquisition of Lenc
    November 28, 2014
    French engineering firm Egis has expanded further into the Brazilian infrastructure market with the purchase of highways contractor Lenc for an undisclosed sum. A statement from Egis said the acquisition is part of a strategy to expand aggressively in Brazil that it has been focusing on since 2011. Lenc, established in Sao Paulo in 1975, has 450 employees whose road building work ranges from preliminary studies and project management to work supervision and inspection. It also operates nearly 2,500km
    Read More
  • Key highway project in Colombia faces delay
    December 2, 2013
    Work on a key stretch of Colombia’s Ruta del Sol highway project is behind schedule, with the route now unlikely to open to traffic before 2017. The 21.6km section of the highway facing these delays will link Villeta and Guaduas in Cundinamarca. A key challenge is technical as the US engineering firm Gall Zeidler Consultants has warned Colombia’s infrastructure agency (ANI) that this section of the route is geologically unstable. The proposed route could be at risk from slippage and will need to be stabilis
    Read More
  • US$1.2 billion Brazil tolled highway auction opening
    November 13, 2024
    A US$1.2 billion Brazil tolled highway auction is opening for bids.
    Read More
  • US$2.1 billion for two Brazil road projects
    July 1, 2024
    A US$2.1 billion funding package will help pay for two Brazilian road projects.
    Read More

Highlighted Content