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 (
May 2, 2013

Minimum of US$1.99bn for Rio de Janeiro state motorway works

Several motorways in the Brazilian state of Rio de Janeiro will undergo construction works costing at least US$1.99 billion (BRL 4bn) in 2013 as part of the state's economic growth plan. On 25 April 2013, work began on turning a 70.9km stretch of BR-101 Norte into a dual carriageway, creating around 400 direct jobs. The next expansions will be on Via Dutra, on Ponte Rio-Niteroi's connection with Avenida Brasil and the Linha Vermelha, and on BR-040's stretch between Duque Caxias and Petropolis
September 18, 2013

Autopista Fluminense to invest US$482.39mn in Brazil’s BR-101 motorway

The concession company responsible for Brazil’s BR-101/RJ motorway is planning to expand and improve the route by investing US$482.39 million (BRL 1.1 billion) in it by 2018 and $1.44 billion (BRL 3.3 billion) by 2033. Autopista Fluminense has already invested $320.09 million (BRL730 million) in the motorway and is advancing with more projects since it has received all necessary environmental licences.
boombox1

Highlighted Content

boombox2