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

  • Rural roads important to global development
    February 10, 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
    Read More
  • Brazil in transport spend fast lane
    April 27, 2012
    The Brazilian Government has announced a US$17.01billion package for new mobility and public transport infrastructure. The huge investment includes the construction of 200km of underground and light tramway lines and more than 600km of new bus lanes. The programme of works, titled 'PAC Mobilidade Urbana Grandes Cidades', is set to benefit people in 51 cities and the metropolitan areas of 18 states.
    Read More
  • Ukraine’s shattered highways
    July 26, 2024
    With no end to its war with Russia in sight, Ukraine is also fighting hard to cope with a growing backlog of major infrastructure projects, especially in terms of rebuilding the country’s roads and bridges. David Arminas reports.
    Read More
  • IRF World Congress: Road user charging
    October 16, 2024
    Where will the money come from to develop and maintain tomorrow’s sustainable road network, no mater in what nation? This was the focus of another session at the IRF World Congress in Istanbul of day of the three-day event.
    Read More

Highlighted Content