Skip to main content

Brazilian bridge being built

In Brazil the firm EcoRodovias has won the tender process for the Rio-Niteroi bridge contract. The Brazilian road management firm was awarded the tender for the Rio-Niteroi contract, with its proposed low charge for each user of the bridge. The company will take over management of the route from May 2015, for a period of 30 years. The tariff charged for light vehicles will immediately drop from the current US$1.61 (BRL 5.20) to $1.15 (BRL 3.70) when EcoRodovias takes over from CCR, which has the contract fo
March 23, 2015 Read time: 1 min
RSSIn Brazil the firm 2688 EcoRodovias has won the tender process for the Rio-Niteroi bridge contract. The Brazilian road management firm was awarded the tender for the Rio-Niteroi contract, with its proposed low charge for each user of the bridge. The company will take over management of the route from May 2015, for a period of 30 years. The tariff charged for light vehicles will immediately drop from the current US$1.61 (BRL 5.20) to $1.15 (BRL 3.70) when EcoRodovias takes over from CCR, which has the contract for the bridge at present. CCR presented the weakest offer of the six groups participating in the tender. The Nova Guanabara consortium placed second in the tender process. EcoRodovias is expected to invest $402.5 million (BRL 1.3 billion) in the road over the course of the contract.

For more information on companies in this article

Related Content

  • Improving performance for Hyundai
    April 12, 2016
    Hyundai has seen strong sales in Europe 2015 and expects the growth trend to continue in 2016. Alain Worp, sales director for construction equipment at HHIE, says the company is also investing €30 million in building a new headquarters in Belgium, with its warehouse alone covering 13,000m2. “This project is expected to be finished by the end of 2016. It will be almost four times as big as the present facility,” he said.
  • Qatar to spend up to $100 billion on road and rail networks before FIFA World Cup
    February 29, 2012
    According to Business Monitor International (BMI), Qatar is expected to spend US$80-100 billion over the next five years to prepare and deliver the infrastructure required to support the huge influx of visitors forecast to attend the 2022 FIFA World Cup.
  • BC again eyes Massey Tunnel replacement
    December 21, 2020
    The aging 61-year-old Canadian tunnel is about 30km north of the US state of Washington.
  • Vietnam sets highway plan of action
    May 28, 2012
    Additional funding is being sought for the third stage of a project that will upgrade the 3,010km Ho Chi Minh Highway in Vietnam. The third phase of the project has an estimated investment capital of some US$14.7 billion and foreign and local investors are being invited to invest in the road through different funding structures. The funding models will include the proven build-transfer-operate (BTO), build-transfer (BT) and build-operate-transfer (BOT) systems, with from 20%-30% of the funding to come from