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

  • Peruvian port link
    February 13, 2012
    A key road project is now commencing in Peruvian port Callao. The work is costing some US$186.4 million and is being carried out by Brazilian contractor Andrade Gutierrez.
  • Dhaka Elevated Expressway section opened
    September 19, 2023
    The Italian-Thai Development Corporation entered into a US$1.062 billion contract with China Railway Construction Corporation (CRCC) for building the elevated expressway.
  • São Paulo calls US$1.6bn Tamoios highway PPP
    March 24, 2014
    Brazil's São Paulo state is due to call a tender by March 28 2014 to concession its Tamoios highway, a government official is reported to have told regional media. "Governor Geraldo Alckmin will be officially announcing the launch of the tender next week [Mar 24-28]," the official said last week without giving further details. Budgeted at US$1.61 billion (BRL 3.74 billion), the concession involves operating and maintaining the Planalto and Serra stretches of the Tamoios highway, also known as SP-99, which
  • Solving Sao Paulo's traffic congestion problems
    July 10, 2012
    The Brazilian city of Sao Paulo suffers a heavily congested road network. Huge traffic jams up to 100km long are common and can be even 200km long in bad weather or at weekends and holidays. Of the 1.1 million vehicles that drive into Sao Paulo every day, almost a third are passing through and the new Rodoanel Mario Covas orbital route is intended to tackle the problem. This is a 170km long highway around the city that will connect the 10 highways linking Sao Paulo and allow many vehicles to avoid the conge