Arteris of Brazil plans to spend up to US$2.26bn by 2017

Brazil motorway concessionaire Arteris, formerly OHL Brasil, could spend up to US$2.26 billion (BRL 4.5bn) by 2017, instead of an initially planned BRL 3.5 billion. The company is to turn Serra do Cafezal (Rodovia Regis Bittencourt) and BR-101 in Rio de Janeiro into dual carriageways, in addition to Autopista Fluminense and Autoposta Litoral Sul. Arteris says it has a BRL 1.8 billion loan from national development bank BNDES to help with its investments. However, the company says it plans to raise some BRL
January 31, 2013 Read time: 1 min
Brazil motorway concessionaire 7126 Arteris, formerly 980 OHL Brasil, could spend up to US$2.26 billion (BRL 4.5bn) by 2017, instead of an initially planned BRL 3.5 billion. The company is to turn Serra do Cafezal (Rodovia Regis Bittencourt) and BR-101 in Rio de Janeiro into dual carriageways, in addition to Autopista Fluminense and Autoposta Litoral Sul.

Arteris says it has a BRL 1.8 billion loan from national development bank BNDES to help with its investments. However, the company says it plans to raise some BRL 700 million more.

For more information on companies in this article

Related Content

October 15, 2013

Arteris to invest heavily in Brazilian road projects

Spanish infrastructure group Abertis plans to invest heavily in Brazil through national road and telephone tower projects, after selling its airports-based operations by 2014. The Group is evaluating participation in new highway auctions through its subsidiary, Arteris. Arteris also plans to invest around US$3.22 billion (BRL 7 billion) over the coming years in the nine road projects it currently owns, with $590.13 million (BRL1.3 billion) being invested in 2013. The company will invest $453.94 million (
February 29, 2012

Brazil project handled by Spanish firm

Spanish construction firm OHL is taking a loan worth €449.5 million (US$628 million) so as to invest in the Regis Bittencourt highway project in Brazil.
boombox1

Highlighted Content

boombox2