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

  • Brazil planning major highway concession deals
    November 17, 2015
    The Brazilian Government has identified around 10,000km of new highway concessions. This programme will be achieved through a new road maintenance scheme called Programa Nacional de Manutencao de Rodovias (PNMR). The scheme will seek the replacement of existing road maintenance contracts with PPP or other concession arrangements in five years. Brazil has around 9,900km of privatised roads at the moment. Including blocks part of the PIL scheme, this figure stands at 17,000kms. The main aim of the PNMR plan w
    Read More
  • New tolled highway plans for Indonesia
    November 1, 2012
    The authorities in Indonesia have set out extensive plans to source funding for new tolled highways. In all seven highway projects have been identified as crucial to expanding the network and improving connectivity for the Indonesian islands of Sulawesi, Java and Sumatra. Some US$25 billion in loans from overseas has been sourced by the Public Works Ministry of Indonesia.
    Read More
  • UK’s Highways Agency starts pre-tendering for Area 9 contract
    January 4, 2013
    The Highways Agency in the UK has launched pre-tendering for its Area 9 asset support contract (ASC). The key contract, worth a minimum US$222.56 million (£137mn), covers eight English counties for the next five years. It can be extended by up to a further three years and will come into operation from January 2014. Firms must access pre-qualification documents by 23 January 2013. Maintenance and improvement works include highways in Shropshire, Leicestershire, Staffordshire, Warwickshire, Derbyshire, Worces
    Read More
  • Brazil roads tenders attracting interest
    January 31, 2017
    Strong interest is being reported in two road project tenders in Brazil. The tenders are being handled by Artesp, the transport agency for Sao Paulo State. So far as many as 140 interested parties have registered for the tenders of two roadway stretches. The first of these tenders will be auctioned on the 22nd February 2017 while the second will be auctioned on the 25th April 2017. These interested parties include at least 30 road operators and 15 banks, and include firms from Europe, Asia and the Middle Ea
    Read More

Highlighted Content