BNDES, BB and Caixa form investment fund to participate in Brazilian road tenders

The Brazilian Bank for Economic and Social Development (BNDES), Banco do Brasil (BB) and Caixa Economica Federal banks will form an investment fund to participate in future federal roadway tenders. The move, announced by the Brazilian government, aims to bring more companies into the bidding process by offering more diverse financial solutions. After a winner is declared, the concessionaire will decide whether or not the fund will participate in the concession. The fund may never have a share greater than 4
January 3, 2013 Read time: 1 min
The 6720 Brazilian Bank for Economic and Social Development (BNDES), 7052 Banco do Brasil (BB) and Caixa Economica Federal banks will form an investment fund to participate in future federal roadway tenders.

The move, announced by the Brazilian government, aims to bring more companies into the bidding process by offering more diverse financial solutions. After a winner is declared, the concessionaire will decide whether or not the fund will participate in the concession. The fund may never have a share greater than 49%. According to the Brazilian Minister of Transportation, Paulo Passos, rules will be disclosed in detail in late January 2013, when the BR-040 and BR-116 roadway tenders take place.

For more information on companies in this article

Related Content

  • Putin orders doubling road-building in Russia by 2022
    November 21, 2014
    Russia looks set to accelerate its road building programme – Eugene Gerden writes The volume of road building in Russia should be doubled by 2022, according to a recent order of Russia’s president Vladimir Putin. He said, “We need a real breakthrough in road building during the next several years. These volumes should be doubled during the coming decade.”
    Read More
  • Dutch move forward on road pricing
    July 6, 2012
    Companies are being invited to consult with the Dutch government on systems for road pricing. Camiel Eurlings, the Dutch Minister of Public Works, Transport and Water Management, said that he would like market parties to play a leading role in this process, which involves developing, together with businesses, certification requirements which the future road pricing system must meet.
    Read More
  • Rural roads important to global development
    April 12, 2012
    Maryvonne Plessis-Fraissard highlights that the key importance of rural roads in the context of global development is only now being fully recognised, is not receiving enough attention and is facing vital new challenges Rural roads have only relatively recently received attention in development research. The International Bank for Reconstruction and Development, or World Bank, moved away from the World War II reconstruction mandate during the early 1960s to start, and address, the "Third World" developme
    Read More
  • Kenya develops annuity road funding model
    May 8, 2015
    Kenya is introducing novel methods for funding its necessary road infrastructure development - Shem Oirere writes. Kenya has unveiled a new financing model for road construction and reviewed its design standards and construction methodologies, which forms part of a new strategy for the East African country. Under this new plan Kenya is planning to upgrade 10,000km of road, with these links featuring asphalt surfacing; the work being carried out over the next five years at a cost of US$2.8 billion. Despite t
    Read More

Highlighted Content