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

  • Brazil highway concessions in renegotiation
    October 25, 2017
    Two firms holding concessions for major highways in Brazil are asking the government for the terms to be renegotiated. Odebrecht Transport and Triunfo Participacoes e Investimentos are looking to join a new concession renegotiation scheme.
  • A road project in the Dominican Republic is under scrutiny over its cost
    October 24, 2012
    Disagreement has been voiced in the Dominican Republic over a key highway contract intended to boost connectivity within the country.
  • Brazilian firm’s assets to see acquisitions
    February 8, 2018
    Brazilian road concession company Arteris is interested in acquiring a number of assets from Odebrecht Transport (OTP). The two road concessions currently managed by OTP that Arteris is showing interest in are the 851km Rota do Oeste network in Mato Grosso and the 297km Rota das Bandeiras road network in Sao Paulo. These are the biggest road concessions managed by OTP at present, as well as being the only two for which OTP has a 100% stake.
  • Roads for Regional Enhancement
    November 1, 2012
    IRF once more broke ground by gathering over 600 regional transport officials for the world's first comprehensive review of sustainable transport solutions in the context of the Andean Region. Lima, Peru, an important regional crossroads for trade and a hub for engineering know-how, offered an ideal backdrop for the Congress. The event offered a comprehensive panorama of design, construction, and maintenance solutions adapted to the region's exceptionally complex topography. Geological and climatic conside