Brazil's highway development continues

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.
March 1, 2012 Read time: 1 min
RSSSome US$843.6 million is being approved to help finance the road concession 3513 Concessionaria Auto Raposo Tavares (Cart) and 3511 Ecopistas by 3432 Brazilian National Development Bank BNDES. The amount will be split between Cart and Ecopistas in a split worth some $633.9 million and $214 million respectively. Cart has the concession for the Raposo Tavares highway and will use the funds to upgrade the link as set out in its contract. By February of 2015, Cart will invest $1.567 billion in the concession, of which 39.1% will be financed by BNDES.

Ecopistas, part of the Grupo 2688 Ecorodovias, holds the concessions for the Ayrton Senna and Carvalho Pinto highways in Sao Paulo.

Related Content

  • Brazil’s Parana state continues with infrastructure investment
    January 8, 2015
    The Brazilian state government of Parana has spent around US$1.73 billion on infrastructure projects over the past four years, including roads, railways, airports, ports and public buildings. According to Jose Richa Filho, the state’s infrastructure secretary, more investments will be made by local partners and through international financing. Around $3.63 million for road works between 2015 and 2018 with fund coming from partnerships with Votorantim and Klabin. Votorantim Group is one of the largest
    Read More
  • Serbia upgrading infrastructure
    May 2, 2012
    Serbia has managed to reduce the cost of building the Corridor 10 highway by €80 million. These funds will instead be used to pay for upgrades and improvements needed for the second section of the highway project, close to Neradovci. So far some 180km of the Corridor 10 highway has been built over a 40 month time frame. A further 150km of the highway has still to be built. Work on the Corridor 10 motorway is also being financed by the European Bank for Reconstruction and Development and the state budget. Wh
    Read More
  • Serbia upgrading infrastructure
    March 16, 2012
    Serbia has managed to reduce the cost of building the Corridor 10 highway by €80 million. These funds will instead be used to pay for upgrades and improvements needed for the second section of the highway project, close to Neradovci.
    Read More
  • Going mobile in Mexico
    April 12, 2012
    Mexico-based Grupo Pinfra was one of the country's first aggregate producers to invest in mobile crushing and screening equipment. Twenty years on, the company is still confident that mobile equipment is key to meeting demand and has just expanded its fleet. In 1991, Pinfra took delivery of two Metso Minerals Lokotrack LT125 mobile crushers and these have now clocked up 30,000 working hours. Nonetheless, there is still plenty of life in these machines and while the newly acquired LT140 jaw crusher takes
    Read More

Highlighted Content