Brazil’s road infrastructure to get part of US $ 1.36bn fund

Brazil’s road infrastructure is to be improved with a share of the Brazilian Bank for Economic and Social Development’s (BNDES) US $ 1.36 billion (BRL 2.76bn) investment fund for the states of Minas Gerais and Maranhao. The money will also be spent on socioeconomic projects in education, health, sanitation, and public safety.
October 15, 2012 Read time: 1 min
Brazil’s road infrastructure is to be improved with a share of the 6720 Brazilian Bank for Economic and Social Development’s (BNDES) US $ 1.36 billion (BRL 2.76bn) investment fund for the states of Minas Gerais and Maranhao.

The money will also be spent on socioeconomic projects in education, health, sanitation, and public safety.

For more information on companies in this article

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
  • 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
  • Privatising highways in Brazil’s Minas Gerais State
    June 21, 2023
    Officials in Brazil’s Minas Gerais State plan to privatise key highway routes.
    Read More
  • Bidders line up for Belo Horizonte road
    July 6, 2022
    The groups interested are reportedly Acciona, Sacyr, CRCC, Construcap and ECB.
    Read More

Highlighted Content