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

  • Major road projects for West Africa
    July 6, 2012
    Two major road projects will help connectivity in West African nations. In Cameroon, a loan from China Eximbank will help fund a key expressway project. Meanwhile in Côte d'Ivoire, a new highway will provide a new link to a major port. The US$466 million loan from the Export-Import Bank of China (China Eximbank) will be used to upgrade the expressway linking Cameroon’s two major cities, Douala and Yaounde. Meanwhile Bouygues Travaux Publics is to build a 6.4km stretch of highway in Côte d'Ivoire, in a contr
    Read More
  • Albania approves PPP motorway between Milot and Balldre
    July 24, 2019
    The Albanian parliament has approved a public-private partnership (PPP) deal worth nearly €214 million for a 17km section of motorway between Milot and Balldre.
    Read More
  • BNDES, BB and Caixa form investment fund to participate in Brazilian road tenders
    January 3, 2013
    The Brazilian Bank for Economic and Social Development (BNDES), Banco do Brasil (BB) and Caixa Economica Federal banks will form an investment fund to participate in future federal roadway tenders. The move, announced by the Brazilian government, aims to bring more companies into the bidding process by offering more diverse financial solutions. After a winner is declared, the concessionaire will decide whether or not the fund will participate in the concession. The fund may never have a share greater than 4
    Read More
  • Primav increases share in Brazil road management firm Ecorodovias
    December 14, 2012
    Brazilian infrastructure company Primav (CR Almeida) is set to increase its share in road management firm Ecorodovias. The company will acquire 19% from Italian civil engineering group Impregilo, in a deal valued at US$971.32 million (BRL 2.02bn), bringing its control over the firm from 45% to 65%. The Administrative Council for Economic Defence (Cade) has already green-lit the operation.
    Read More

Highlighted Content