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

  • Planning works start for a second Niger Bridge
    August 17, 2012
    The Federal Government of Nigeria gave the go-ahead for work to start on the planning and design of a new Niger bridge. The country’s leaders have approved a US$2 million (Nigerian Naira N325 million) “transactional advisory services” contract to assess how to design and build, finance and operate a “Second Niger Bridge.” Contractor Roughton International Limited has been given 16 months to come back with a detailed schedule of how to progress.
    Read More
  • Foreign investors eye expansion into Russian road-building industry
    March 18, 2016
    The Russian road sector looks set for international investment - Eugene Gerden writes Amid the ongoing recovery of the Russian economy from the effect of Western sanctions, foreign investors are considering accelerating their activities in the Russian road building industry. In recent months the establishment of joint ventures with local road building companies has become no longer as profitable for foreign investors as it was in the past. As a result the majority of foreign investors are considering
    Read More
  • Brazil highway project being analysed for viability
    July 22, 2014
    Caixa Economica Federal will analyse a proposal for support US$264.42 million for recovery work on Brazil’s Rodovia Presidente Dutra highway. The proposal has been put forward by Brazilian road operator CCR and needs to be approved by Caixa before any funds can be released. Authorisation for this analysis process to go ahead was given by the board of the FI-FGTS investment fund. The funds would go to the recovery work along the 402km highway that connects Sao Paulo with Rio de Janeiro. CCR has operated the
    Read More
  • Argentina highway upgrade plan
    June 7, 2022
    A planned Argentina highway upgrade is being prioritised.
    Read More

Highlighted Content