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

  • Investment in Brazilian roads, railways and highways channels falls short, says Ipea
    November 2, 2012
    Funds earmarked by the Brazilian Government to improve roads, railways and hydro channels for shipping cargo transport have not been fully spent, according to the Institute of economic research (Ipea). Federal road spending was estimated to be US $ 6.72 billion (BRL 13.62bn) in 2012, but Ipea says that so far only 48.3% $ 3.23 billion (BRL 6.58bn) of that amount has been used.
    Read More
  • Brazil’s ANTT launches public consultation for NovaDutra extension
    March 18, 2016
    Brazil's national land transport agency ANTT has launched a public consultation concerning a proposed contract extension of 13 years for the NovaDutra highway concession held by CCR. The deal covers the Rodovia Presidente Dutra highway between Rio de Janeiro and Sao Paulo, according to a report by the Valor Economico newspaper. Consultations will run for 30 days until mid-April and include two sessions in Sao Paulo and Rio de Janeiro.
    Read More
  • Brazil president Dilma Rousseff plans US$6.12bn paving-waterworks projects
    October 28, 2013
    Brazil's President Dilma Rousseff is looking to invest US$6.12 billion (BRL 13.5 billion) in basic water and sanitation and paving projects under phase 2 of the country's growth acceleration plan. President Rousseff said a total of 310 projects are to be carried out, benefiting 1,198 cities and towns, including the federal district. Besides building drainage systems, water mains, and sewer systems, 7,500km of roads will be paved and 15,000km of sidewalks will be created. The resurfacing and implementi
    Read More
  • Autopista Fluminense to invest US$482.39mn in Brazil’s BR-101 motorway
    September 18, 2013
    The concession company responsible for Brazil’s BR-101/RJ motorway is planning to expand and improve the route by investing US$482.39 million (BRL 1.1 billion) in it by 2018 and $1.44 billion (BRL 3.3 billion) by 2033. Autopista Fluminense has already invested $320.09 million (BRL730 million) in the motorway and is advancing with more projects since it has received all necessary environmental licences.
    Read More

Highlighted Content