Brazil project handled by Spanish firm

Spanish construction firm OHL is taking a loan worth €449.5 million (US$628 million) so as to invest in the Regis Bittencourt highway project in Brazil.
February 29, 2012 Read time: 1 min
RSSSpanish construction firm 980 OHL is taking a loan worth €449.5 million (US$628 million) so as to invest in the Regis Bittencourt highway project in Brazil. The loan is being provided by the 3432 Brazilian National Development Bank, (BNDES). The funds will be used to redesign the infrastructure as well as construct offices for the concession holder and pay operating costs.

For more information on companies in this article

Related Content

  • Brazil's highway development continues
    March 1, 2012
    Some US$843.6 million is being approved to help finance the road concession Concessionaria Auto Raposo Tavares (Cart) and Ecopistas by Brazil's national development bank BNDES.
    Read More
  • Project complexity in Bolivia
    April 25, 2012
    Cost increases are being seen on work to the second phase of Bolivia’s Villa Tunari-San Ignacio de Moxos road project. The work looks likely to cost an extra US$250 million as the route will have to avoid the TIPNIS national reserve. The Bolivian Government made the decision to reroute the highway following appeals from the country’s indigenous community. However coca farmers are now appealing against this ruling, while farmers in neighbouring Brazil are also requesting guarantees on land use relating to th
    Read More
  • Arteris of Brazil plans to spend up to US$2.26bn by 2017
    January 31, 2013
    Brazil motorway concessionaire Arteris, formerly OHL Brasil, could spend up to US$2.26 billion (BRL 4.5bn) by 2017, instead of an initially planned BRL 3.5 billion. The company is to turn Serra do Cafezal (Rodovia Regis Bittencourt) and BR-101 in Rio de Janeiro into dual carriageways, in addition to Autopista Fluminense and Autoposta Litoral Sul. Arteris says it has a BRL 1.8 billion loan from national development bank BNDES to help with its investments. However, the company says it plans to raise some BRL
    Read More
  • Brazilian project attracts strong interest
    April 30, 2012
    Interest is strong in Brazil’s BR-101 highway project. The tender for the project will open on 18th January 2012. According to Brazil's Land Transport Agency (ANTT), at least six groups, most Brazilian, have shown interest in the project. The stretch to be put out to tender totals 476km, of which 458km is in Espirito Santo. The ANTT states that US$1.24 billion will be invested in the BR-101, with plans to widen the highway in stages. The concession period for the road totals 25 years and the highway will fe
    Read More

Highlighted Content