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

  • Building New zealand's landmark tunnel
    February 15, 2012
    A landmark tunnelling project is commencing in New Zealand - Kristina Smith reports. New Zealand is preparing to embark on its biggest transport project ever. In August it announced that it had selected its preferred bidder for the NZ$1.4 billion Waterview Connection in Auckland, 5km of new motorway connecting highways to the North and South of the city.
    Read More
  • Sri Lanka's new highway - on track
    February 14, 2012
    Work is progressing on-track on Sri Lanka's Southern Expressway project. This will be the country's first expressway and is expected to be completed by 2012, removing the bulk of traffic from the existing coastal road that is highly congested and also has serious safety issues.
    Read More
  • Chile-Argentina tunnel project progress
    October 20, 2017
    Further progress is being made with the landmark Agua Negra Tunnel project that will connect Argentina and Chile. The new tunnel will run through the Andes mountain range, providing an improved highway link between the two nations, boosting trade and transport. The consortia pre-qualified for the tender process will be announced during November 2017.
    Read More
  • Morocco’s new motorway links are boosting connectivity
    December 16, 2014
    Morocco’s massive motorway construction programme will improve transport connections and boost this North African country’s economy - Mike Woof reports A massive road building programme is transforming Morocco, with new motorways connecting cities and major towns, as well as many new rural roads being built. The Moroccan Government has set an impressive plan for its infrastructure investment that will see even the country’s small and remote villages having proper connections to the main road network. The
    Read More

Highlighted Content