Brazilian Government sets out highway financing plans

The Brazilian Government looks set to finance work to upgrade key highways in the country. This move comes although the highways were privatised in the 1990s, according to a report by Business News Americas. The work looks likely to cost as much as US$1.7 billion and will be carried out on highways that are operated by CCR and Triunfo Participações e Investimentos (TPI). Although the routes were privatised, the Brazilian Government will finance necessary upgrades as this includes highway expansion work not
January 6, 2014 Read time: 1 min
The Brazilian Government looks set to finance work to upgrade key highways in the country. This move comes although the highways were privatised in the 1990s, according to a report by Business News Americas. The work looks likely to cost as much as US$1.7 billion and will be carried out on highways that are operated by CCR and Triunfo Participações e Investimentos (TPI). Although the routes were privatised, the Brazilian Government will finance necessary upgrades as this includes highway expansion work not envisaged when the contracts were settled.
Finance & Funding

Related Content

  • Russia’s trans-continental route
    August 10, 2018
    Russia is spending US$10 billion on building a 2,000km section of road connecting China with the EU – Eugene Gerden reports Russia has now started building a 2,000km section of a new transcontinental route, which will connect China and the EU. According to senior officials from the Russian Ministry of Transport, which is implementing the project, the new road, will be known as the Meridian and will stretch through the Russian territory that borders with Kazakhstan and Belarus. This route forms the Russian
    Read More
  • Nepal is to boost road building activity
    August 7, 2020
    Nepal is to boost road building activity to revamp its economy.
    Read More
  • Brazilian conglomerate Odebrecht continues to invest in Peru
    April 27, 2015
    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
    Read More
  • Malaysia’s massive road building project is advancing the use of technology
    August 10, 2020
    Malaysia’s huge Pan Borneo Highway project is benefiting from the use of some of the latest technologies in its planning, design and construction
    Read More

Highlighted Content