Brazil highway project being analysed for viability

Caixa Economica Federal will analyse a proposal for support US$264.42 million for recovery work on Brazil’s Rodovia Presidente Dutra highway. The proposal has been put forward by Brazilian road operator CCR and needs to be approved by Caixa before any funds can be released. Authorisation for this analysis process to go ahead was given by the board of the FI-FGTS investment fund. The funds would go to the recovery work along the 402km highway that connects Sao Paulo with Rio de Janeiro. CCR has operated the
July 22, 2014 Read time: 1 min

Caixa Economica Federal will analyse a proposal for support US$264.42 million for recovery work on Brazil’s Rodovia Presidente Dutra highway. The proposal has been put forward by Brazilian road operator CCR and needs to be approved by Caixa before any funds can be released. Authorisation for this analysis process to go ahead was given by the board of the FI-FGTS investment fund. The funds would go to the recovery work along the 402km highway that connects Sao Paulo with Rio de Janeiro. CCR has operated the route since 1996.

Finance & Funding

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
  • Brazil road payment delays affecting projects
    May 15, 2019
    Brazil’s Sao Paulo state is seeing some road projects being delayed due to a shortage of funds.
    Read More
  • VINCI expanding highway operations into Brazil
    May 12, 2023
    VINCI is expanding its highway operations into Brazil.
    Read More
  • JCB’s £60mn Brazil machine order
    June 14, 2012
    JCB has won one of the biggest single tenders in its history with an order for more than 1,000 machines worth over £60million (US$96.6million) for the Brazilian government. The company said that it beat off competition from other major global manufacturers to secure the deal for the fleet of backhoe loaders, which will be used to improve the road infrastructure in the country. The first 114 of the 1,016 backhoes have now been delivered and the keys to one of the first machines handed over by Brazilian Pre
    Read More

Highlighted Content