Funds found to finance Brazilian highway widening

Widening work to a 453km section of Brazil’s BR-163 highway will be carried out by the consortium, Rota do Oeste. The firm is the current operator of the highway and is receiving a US$298.84 million loan from national development bank BNDES to fund the necessary widening of the route. The deal has been approved by the Brazilian land transport agency, ANTT. The funds will also be used to provide maintenance work for this section of the BR-163 highway.
July 24, 2014 Read time: 1 min

Widening work to a 453km section of Brazil’s BR-163 highway will be carried out by the consortium, Rota do Oeste. The firm is the current operator of the highway and is receiving a US$298.84 million loan from national development bank BNDES to fund the necessary widening of the route. The deal has been approved by the Brazilian land transport agency, 5354 ANTT. The funds will also be used to provide maintenance work for this section of the BR-163 highway.

Road Structures Finance & Funding

For more information on companies in this article

Related Content

  • Chinese investors eye Brazilian work, including federal highway BR-153
    January 14, 2016
    Chinese investors are reported to be negotiating a contract to work on a section of federal highway BR-153 that goes from Anapolis in the Brazilian state of Goias to Palmas,n in Tocantins. The road is part of the Transbrasiliana Highway. The section was originally awarded to Brazilian construction firm Galvao Engenharia in September 2014, but the company never started expansion works.
    Read More
  • Interest strong in Brazilian bridge tender
    February 10, 2015
    Interest is strong in the tender for Brazil’s proposed Rio-Niteroi bridge project. So far three groups have expressed an interest in tendering for the project, EcoRodovias, Arteris, and current contract holder CCR. The tender will commence on March 18th 2015. A number of other groups had shown interest but will duck out due to legal issues relating to the Lava-Jato case that is ongoing at present. Brazil’s national land transport agency ANTT has set a maximum tariff value for the bridge toll at US$1.89 (BRL
    Read More
  • Project complexity in Bolivia
    April 25, 2012
    Cost increases are being seen on work to the second phase of Bolivia’s Villa Tunari-San Ignacio de Moxos road project. The work looks likely to cost an extra US$250 million as the route will have to avoid the TIPNIS national reserve. The Bolivian Government made the decision to reroute the highway following appeals from the country’s indigenous community. However coca farmers are now appealing against this ruling, while farmers in neighbouring Brazil are also requesting guarantees on land use relating to th
    Read More
  • Brazilian road spend dips slightly for 2015
    July 9, 2015
    Brazil will spend at least US$1.63 billion in privately operated federal road infrastructure projects in 2015. This is down slightly, from $1.82 billion spent in 2014, according to estimates by the land transport agency NTT. Work this year includes a stretch of the BR-050 motorway operated by MGO, which already has seen around $104 million. Road operator Concer, which administers sections of the BR-060, BR-153 and BR-262, invested nearly $88 million between 2014 and the first quarter of 2015. Arter
    Read More

Highlighted Content