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

  • Preparations are underway for a new bridge in Venezuela
    June 25, 2013
    A large bridge project is being planned in Venezuela, with ground investigation leading the way In Venezuela, preparation work is now being carried out for a major new bridge project. The European geotechnical specialist Lankelma is supplying its Combifloat C5 jack-up platform, JUP Sandpiper, to begin work on the ground investigation for the new Puente Nigale (in English: Nigale Bridge) over Lake Maracaibo in Venezuela. The Nigale Bridge will be the second crossing over Venezuela’s largest lake. The link,
  • Fluor and ACS Infrastructure Canada win Gordie Howe Bridge deal
    October 2, 2018
    Bridging North America will build the Gordie Howe Bridge, named after a famous Canadian ice hockey player and leading scorer A partnership including Fluor Canada and ACS Infrastructure Canada has been chosen to design, build, finance, operate and maintain the Gordie Howe International Bridge project. The client, Windsor-Detroit Bridge Authority (WDBA), announced the appointment of Bridging North America group in the Canadian city of Windsor, across the Detroit River from Detroit in the US state of Michig
  • Strong interest for major highway concessions in Colombia
    June 6, 2013
    Interest is said to be strong for the Pacífico 1, Pacífico 2 and Pacífico 3 highway concession projects in Colombia. At present the country’s national infrastructure agency, ANI, has 56 expressions of interest for the three highway concessions in Antioquia Department. The projects feature a total estimated investment of US$2.16 billion.
  • Julián Núñez, head of ASECAP offers a little Spanish enlightenment
    May 1, 2018
    Julián Núñez, president of ASECAP, gets his teeth into the vision of a European strategy for toll roads. David Arminas reports from Madrid Getting European politicians to agree to a long-term cross-border highway infrastructure programme for toll roads is extremely difficult. It’s a bit like pulling teeth. People want to avoid the pain. This is perhaps a bad analogy to use in the case of Julián Núñez, president of ASECAP - European Association of Operators of Toll Road Infrastructures. Núñez had just sat