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

  • A €700 million investment ensures a makeover for Malta’s roads
    June 3, 2019
    The European Union Road Federation (ERF) recently held a road safety workshop in Malta* Infrastructure Malta is entrusted with handling Malta’s recently announced – and unprecedented - road investment of more than €700 million over the next seven years. The government is also tapping into several European Union funds to support its own investment. Projects include construction of the Marsa Junction Project, a new seven-flyover, multi-level intersection to improve the efficiency of the country’s most imp
    Read More
  • Modern road system is 'a must'
    August 2, 2012
    Australia's GDP could see a major increase if traffic bottlenecks in big cities were to be removed, and the government is addressing this as a matter of urgency A modern road system is a must in Australia where it is estimated that the removal of traffic bottlenecks could potentially raise the country's GDP by 0.8%. According to the Committee for Economic Development of Australia (CEDA), which made the prediction, infrastructure bottlenecks (particularly in cities, which account for over 70% of the country'
    Read More
  • Challenges and investment opportunities in East Africa transport infrastructure Sector
    November 21, 2014
    East Africa offers considerable potential for transport infrastructure expansion and investment - Shem Oirere reports Infrastructure, infrastructure and more infrastructure is what is needed to make East Africa the favoured destination and Kenya, Tanzania, Uganda and Rwanda have unveiled grand plans to enhance the infrastructure both nationally and regionally.” This is how market analyst Deloitte introduced its 2014/15 budget analysis for the four countries in July.
    Read More
  • Programme planned for Paris pavement preservation summit
    February 12, 2014
    Plans are now in hand for the AEMA-ARRA-ISSA-PPRA-IBEF-FP2 Pavement Preservation World Summit. This will be held from February 22nd – 25th 2015 at the Palais des Congrès Convention Center in the French capital, Paris. The website for the event is also in place: pprsparis2015.com and gives details of the programme. According to the organisers, the PPRS Paris 2015 event will provide a discussion focus for shared projects and ambitions. It follows the PPRA’s decision to organise an annual meeting in Paris in 2
    Read More

Highlighted Content