Skip to main content

Odebrecht may exit Peru contracts

Brazilian contractor Odebrecht may withdraw from its current contracts in Peru. The firm had planned to continue operating in Peru but is now considering withdrawing. Odebrecht has hit a series of troubles in Peru due to the complex political situation as well as allegations over improper business practices. The firm is looking to sell off the contracts that it holds in Peru at present and has already dispensed with some operations in the country.
March 9, 2017 Read time: 1 min
Brazilian contractor 1305 Odebrecht may withdraw from its current contracts in Peru. The firm had planned to continue operating in Peru but is now considering withdrawing. Odebrecht has hit a series of troubles in Peru due to the complex political situation as well as allegations over improper business practices. The firm is looking to sell off the contracts that it holds in Peru at present and has already dispensed with some operations in the country.

For more information on companies in this article

Related Content

  • Panama plans new project
    February 24, 2012
    Work will start shortly on the second stretch of the Panama-Colon highway in Panama.
  • Peru road corridor contract awarded
    October 2, 2019
    A contract worth US$159.3 million has been awarded for the 206km route connecting Peruvian capital Lima with Canta and Huayllay. Improving the 20A route is expected to reduce traffic on Peru’s Carretera Central highway. The project is also expected to lower the costs of transporting goods between Lima, Junín and Pasco. The 20A route passes through some very challenging terrain and currently features numerous switchbacks. Improving the route will boost safety and cut journey times for drivers. Peru has set
  • European construction equipment sector is picking up says CECE
    January 6, 2017
    While the European construction equipment market is still some 40% below the record levels of 2007, there are definite signs of a recovery in the industry. This was revealed by Eric Lepine, president of CECE (the Committee for European Construction Equipment), who said that it is a mixed market environment. “There are still uncertainties in different regions of the world and particularly in Europe, but the good news is that figures are telling that Europe is picking up,” said Lepine.
  • European construction equipment sector is picking up says CECE
    April 21, 2015
    While the European construction equipment market is still some 40% below the record levels of 2007, there are definite signs of a recovery in the industry. This was revealed by Eric Lepine, president of CECE (the Committee for European Construction Equipment), who said that it is a mixed market environment. “There are still uncertainties in different regions of the world and particularly in Europe, but the good news is that figures are telling that Europe is picking up,” said Lepine.