Arteris to invest heavily in Brazilian road projects

Spanish infrastructure group Abertis plans to invest heavily in Brazil through national road and telephone tower projects, after selling its airports-based operations by 2014. The Group is evaluating participation in new highway auctions through its subsidiary, Arteris. Arteris also plans to invest around US$3.22 billion (BRL 7 billion) over the coming years in the nine road projects it currently owns, with $590.13 million (BRL1.3 billion) being invested in 2013. The company will invest $453.94 million (
October 15, 2013 Read time: 1 min
Spanish infrastructure group 5729 Abertis plans to invest heavily in Brazil through national road and telephone tower projects, after selling its airports-based operations by 2014.

The Group is evaluating participation in new highway auctions through its subsidiary, Arteris. Arteris also plans to invest around US$3.22 billion (BRL 7 billion) over the coming years in the nine road projects it currently owns, with $590.13 million (BRL1.3 billion) being invested in 2013. The company will invest $453.94 million (BRL1 billion) in the Regis Bittencourt highway over the next five years, and a total of $1.77 billion (BRL3.9 billion) over the length of the contract.

Arteris is currently carrying out work on the Serra do Cafezal stretch, the deadline of which was extended to 2017 by ANTT, following delays in obtaining environmental licenses.
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