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

  • Mexico cutting motorway budget
    February 23, 2015
    Mexico is cutting its planned motorway construction budget. The country's Secretariat for Transport and Communications (SCT) has said the budget will be cut by US$268.8 million, a reduction of 17% from the figure planned originally. The 130 different projects that were to have been carried out under the original budget will still be built, but a number may be delayed. Road construction has been a key priority for this government in Mexico. In all some 46 new motorways will have been constructed by the prese
    Read More
  • East End Crossing Project—Availability payment P3 in action
    July 14, 2017
    Indiana exercised its authority to use a P3 contract when it partnered with Kentucky for new bridges across the Ohio River. Barney Allison and John Smolen* explain the groundbreaking availability payment deal. Earlier this year, traffic began rolling over the new tolled Lewis and Clark Bridge spanning the Ohio River from northern Kentucky to southern Indiana. The cable-stayed bridge is part of the award-winning Ohio Bridges Project to untangle traffic within the greater metropolitan area of Louisville, Kent
    Read More
  • Key French highway upgrade deal for consortium
    March 5, 2012
    The French Government has agreed a highway contract with consortium Atlandes for a section of the A63 autoroute in southwest France.
    Read More
  • EIB aids funding for Poland's A2
    July 12, 2012
    The European Investment Bank (EIB) will help funding of the A2 highway project in Poland, which has faced financing problems due to the economic crisis. The EIB is making an exception to its usual policy by granting to Polish company Autostrada Wielkopolska credit that covers over 50% of the costs of the construction work for a highway section. The EIB will provide €1 billion for the A2 investment and to create an option of an additional €200 million. The total value of the investment, which is expected to
    Read More

Highlighted Content