Brazil motorway upgrade programme gets extra US$250mn from IADB

A US$250 million loan has been agreed for a huge motorway upgrade scheme in southern Brazil. The loan from the Inter-American Development Bank (IADB) means a total of $319.47 million (BRL 650mn) is now available for the Pacto por Santa Catarina programme. The 25-year deal includes a 66 month loan grace period. The first phase of the Pacto programme will include an investment of $163.19 million in ten projects covering 222kms. The projects include the construction of new roads as well as asphalting and recov
January 21, 2013 Read time: 1 min
A US$250 million loan has been agreed for a huge motorway upgrade scheme in southern Brazil.

The loan from the 2791 Inter-American Development Bank (IADB) means a total of $319.47 million (BRL 650mn) is now available for the Pacto por Santa Catarina programme. The 25-year deal includes a 66 month loan grace period.

The first phase of the Pacto programme will include an investment of $163.19 million in ten projects covering 222kms. The projects include the construction of new roads as well as asphalting and recovery works. The first preliminary tender announcement, for the Antonio Heil motorway, should be presented before the end of January 2013.

In total, the Pacto por Santa Catarina is expected to involve the investment of $1.37 billion to improve 30% of the state's roads.

For more information on companies in this article

Related Content

  • How Florida paved the way for availability payments in the US
    November 21, 2014
    New financing models have been used to deliver key transport links in the US - * Patrick D Harder and Brandon J Davis Florida Department of Transportation’s (FDOT) public-private partnership (PPP) programme has made impressive progress, setting precedents for US transportation planning and funding. On March 26th 2014, FDOT opened 16km of new reversible express lanes as part of its US$1.8 billion I-595 Corridor Roadway Improvements Project. Just a few months later, on August 3rd 2014, FDOT opened twin tunnel
    Read More
  • Moldova gets EBRD loan for M1, M2 upgrades
    August 28, 2023
    The work will enhance transport connectivity by strengthening core transport links with a focus on the pan-European TEN-T network.
    Read More
  • Mott MacDonald to upgrade major west Spain highway
    July 17, 2013
    Mott MacDonald (MM) has been appointed by Sociedad Concesionaria Autovía de la Plata as lender’s technical advisor for a major highway upgrade in western Spain. The project involves the design, construction, maintenance, operation and finance of a 49km two-lane dual carriageway between Benavente and Zamora. The new road, which will bypass the existing single carriageway through local villages, will form the last section of the 809km A-66 Autovía de la Plata highway, connecting Gijon in the north to Seville
    Read More
  • Lintec supplies plants for Brazilian highway project
    August 18, 2015
    German manufacturer LINTEC has supplied three of its highly sophisticated, containerised asphalt mixing plants for use on the important BR-163 highway project in Brazil. This is one of several major plant orders for the firm for use in road projects in Latin America. According to LINTEC, its activity in this market is helping contribute to the construction of high quality roads that will last.
    Read More

Highlighted Content