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

  • Call for road builders to consider carbon trading
    July 4, 2012
    Anticipating new trends, the IRF organised a high level panel discussion on the promising and fast-growing market of carbon trading in the margins of the 2nd International Roads and Environment Conference hosted in Geneva, Switzerland on 10-11 November, 2008. Now is the time for the road builders to add trading to their armoury of carbon-reducing measures. Carbon trading has moved from the margins to centre stage. World economic growth may be stalling or going into reverse, but the search for post-Kyoto cl
    Read More
  • Are road tolls the economic answer?
    November 12, 2012
    Tolling has been widely promoted as the answer to future road needs by many economists. The fundamental principle of a toll road is comparatively easy to understand: a driver wants to get from here to there and pays a small sum for the privilege. Drivers generally prefer to access roads without having to pay but the sums involved in toll roads tend to be comparatively low. For all but the most parsimonious, parting with a few coins to use a stretch of highway in good order is comparatively painless, made ev
    Read More
  • 9th EAPA Symposium - 2015 in Istanbul
    August 20, 2015
    European Asphalt Pavement Association (EAPA), whose aim is to be the trusted voice of the European asphalt paving industry, organised its ninth Symposium in Turkey – Istanbul on 4 June 2015 with more than 110 participants from all Europe - Gülay Malkoc writes.
    Read More
  • Poland's ambitious highway construction plans
    July 10, 2012
    The European football championships are among a number of things pushing Poland's ambitious highway building programme. Patrick Smith reports. Poland is planning to spend a colossal €4.57 billion on road projects in 2009, a 35% increase over the previous year. T
    Read More

Highlighted Content