Skip to main content

Brazilian conglomerate Odebrecht continues to invest in Peru

Brazilian conglomerate Odebrecht plans to invest around US$1.5 billion in Peru this year, the company’s head of operations for Peru said. Ricardo Boleira, said has 15 contracts for 2015 and the total value of its operations in the country stands at $13.7 billion. Around $2 billion has been invested in roads, with upwards of $500 million in irrigation projects and $900 million for energy contracts. Odebrecht is a family-owned business started in 1944 and operates in construction, petrochemicals, transp
April 27, 2015 Read time: 2 mins
Brazilian conglomerate 1305 Odebrecht plans to invest around US$1.5 billion in Peru this year, the company’s head of operations for Peru said.

Ricardo Boleira, said has 15 contracts for 2015 and the total value of its operations in the country stands at $13.7 billion. Around $2 billion has been invested in roads, with upwards of $500 million in irrigation projects and $900 million for energy contracts.

Odebrecht is a family-owned business started in 1944 and operates in construction, petrochemicals, transportation, oil and gas sectors in 21 countries. The company invests heavily in management concession contracts for multi-use arenas, highways, light rail, basic sanitation systems, subways and airports.

The company's Peruvian road project with Obrainsa in Piura to conserve and maintain around 610km should be completed in 2015 and the Evitamiento road project in Cusco will open this month.

Works is starting this year on the Costa Verde-La Punta route in Callao and it should be finished next year. The 45km Matarani-Punta Bombon project should be finished in two years and the Matarani port project with private firm Tisur will be operational this year.

For more information on companies in this article

Related Content

  • India rushing to improve its highway system
    February 9, 2012
    Despite the world economic slowdown, India still seems in a rush to improve its highway system as Patrick Smith reports. Later this year India will be seen by hundreds of millions worldwide when the country's capital New Delhi hosts its biggest event ever.
  • Bulgaria plans for operating road infrastructure
    February 21, 2012
    There is a lot of work to do on Bulgarian roads, but the government has plans to increase the length of highways built each year as Krasimir Krastanov reports. Bulgarian roads with a pavement make up 98.4% of all the country's roads, while 92.5% of them have an asphalt surface and 82.8% of them are able to carry 10tonnes/axle.
  • Special formwork solution for tricky Orinoco project
    April 24, 2013
    Taking a road and rail link across one of the biggest rivers in South America, together with its swamps and flood plain, calls for a new crossing of superlative dimensions. Two 135.5m pylons for the third bridge across the Orinoco River in Venezuela are taking shape with the Venezuelan government investing in the showcase project at Caicara del Orinoco. The bridge will have an overall length of 11.125km on completion, which is scheduled for 2015. The main bridge is 2.28km long, and the roadway is 55m above
  • Kenya develops annuity road funding model
    May 8, 2015
    Kenya is introducing novel methods for funding its necessary road infrastructure development - Shem Oirere writes. Kenya has unveiled a new financing model for road construction and reviewed its design standards and construction methodologies, which forms part of a new strategy for the East African country. Under this new plan Kenya is planning to upgrade 10,000km of road, with these links featuring asphalt surfacing; the work being carried out over the next five years at a cost of US$2.8 billion. Despite t