Odebrecht plans to use US contract to boost world turnover

Brazilian Construction company Odebrecht says it aims to use revenues generated from its new US road construction contract and further potential Stateside work to boost its global turnover. The company’s new US$45.8million contract involves the renovation of the Sam Houston Tollway between Route 59 and Route 288 in the southern area of Harris County, Texas. The US market currently accounts for 1% of Odebrecht's turnover in the construction sector but the firm is also keen to win other Texas contracts, a
April 24, 2012 Read time: 2 mins
Brazilian Construction company 1305 Odebrecht says it aims to use revenues generated from its new US road construction contract and further potential Stateside work to boost its global turnover.

The company’s new US$45.8million contract involves the renovation of the Sam Houston Tollway between Route 59 and Route 288 in the southern area of Harris County, Texas.

The US market currently accounts for 1% of Odebrecht's turnover in the construction sector but the firm is also keen to win other Texas contracts, as state leaders are said to be lining up projects worth $1billion in roads contracts.

Earmarked expansion of some ports in US is said to also attract interest from Odebrecht. The capacity to handle Post Panamax ships has urged local port authorities to get involved in dredging work projects.

Odebrecht is also involved in the construction of the North Terminal of Miami International Airport, and it is participating on the construction of a dyke system to cater for water generated by floods in New Orleans.
Highway & Network Management

For more information on companies in this article

Related Content

  • Latin America invests in infrastructure growth
    February 15, 2012
    Travelling in one of the world's most diverse regions is not always easy, but spectacular engineering feats will make life easier as Patrick Smith reports. Five years ago a report from the World Bank noted that infrastructure in most of Latin America and the Caribbean (LAC) had improved over the previous ten years.
    Read More
  • Salini Impregilo expands in the US with purchase of Lane Industries
    November 12, 2015
    Italian global infrastructure group Salini Impregilo has agreed to buy 100% of Lane Industries, an American highways contractor and the “top private asphalt producer” in the US. Lane, a family-owned business based in Cheshire, Connecticut, was bought for US$406 million and has a turnover of around $1.5 billion. The company has three divisions: asphalt production, road projects and other infrastructure projects, in domestic and international markets. A statement from Salini said Lane is participating i
    Read More
  • $600 million Louisiana toll road to go ahead
    June 5, 2025
    A $600 million Louisiana toll road project has been given the go ahead.
    Read More
  • Export focus for XCMG, with Latin America as key territory
    November 13, 2014
    Exports are crucial to XCMG’s growth and its aim to becoming a dominant player in the worldwide construction machinery market – Mike Woof writes One of China’s biggest construction equipment manufacturers, XCMG has a high profile, and particularly in the country’s home market. XCMG is a leader in key equipment categories such as concrete pumping and lifting technologies. The firm’s 4,000tonne crawler crane introduced two years ago has already proven its worth in a massive industrial construction appl
    Read More

Highlighted Content