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

  • Odebrecht may exit Peru contracts
    March 9, 2017
    Brazilian contractor Odebrecht may withdraw from its current contracts in Peru. The firm had planned to continue operating in Peru but is now considering withdrawing. Odebrecht has hit a series of troubles in Peru due to the complex political situation as well as allegations over improper business practices. The firm is looking to sell off the contracts that it holds in Peru at present and has already dispensed with some operations in the country.
  • US$3.4 billion Peru PPP road partnership
    April 11, 2024
    A US$3.4 billion Peru PPP road partnership deal has been awarded for Lima.
  • Major highway growth in Portugal
    April 12, 2012
    Twenty years ago Portugal was bottom of the European league in terms of roads and safety. A series of ambitious plans has seen the country rise to the top. Patrick Smith reports on how this was achieved In Portugal, out of 3,600km of main national roads (IP+IC), some 1,500km of motorways/high-capacity routes are financed under public-private partnership (PPP) agreements. These are tolled either using shadow tolls (these are being phased out) or real tolls, and plans are in hand to make routes multi free-fl
  • Major highway growth in Portugal
    February 14, 2012
    Twenty years ago Portugal was bottom of the European league in terms of roads and safety. A series of ambitious plans has seen the country rise to the top. Patrick Smith reports on how this was achieved