Brazil's Odebrecht to invest in infrastructure

Brazil's Odebrecht group is planning to invest some US$18billion in infrastructure projects by 2017. According to CEO Marcelo Odebrecht, the company will invest US$4.5 to US$7 billion per year over the next three years and much of it involves concessions and public-private partnerships (PPP), according to local reports. Through Odebrecht Transport, the company will be investing in transportation infrastructure projects such as federal highway BR-163 in the mid-western state of Mato Grosso, Galeão int
April 9, 2014 Read time: 1 min
Brazil's 4740 Odebrecht group is planning to invest some US$18billion in infrastructure projects by 2017.

According to CEO Marcelo Odebrecht, the company will invest US$4.5 to US$7 billion per year over the next three years and much of it involves concessions and public-private partnerships (PPP), according to local reports.

Through Odebrecht Transport, the company will be investing in transportation infrastructure projects such as federal highway BR-163 in the mid-western state of Mato Grosso, Galeão international airport in Rio de Janeiro, and metro line 6-Laranga (Orange line) in the city of São Paulo.

The group is also expected to be named soon as the winner of a PPP involving state highway PR-323 in the southern state of Paraná.

For more information on companies in this article

Related Content

  • Ex-USDoT bosses urge Congress to reauthorise Fast 
    March 25, 2020
    The Metropolitan Civic Leadership Alliance is calling on US Congress to reauthorise the Fixing America’s Surface Transportation (Fast) Act which is set to expire this autumn. 
    Read More
  • Public transportation has paid off for Salt Lake City region, study shows
    June 25, 2015
    A public transportation technology partnership between Salt Lake City and Siemens in the US has resulted in 1,300 new jobs that have spurred an estimated $225 million in value to the local economy, according to a study conducted by the Economic Development Research Group, a Boston-based research company Siemens hired to assess the economic impact of the project. Since 1996, Siemens has manufactured and delivered 117 light rail vehicles for UTA’s TRAX light rail streetcar lines. The company is building t
    Read More
  • Congestion up globally says TomTom
    March 23, 2016
    According to TomTom’s latest Traffic Index, traffic congestion has increased 13 per cent globally since 2008. But there are big differences between continents; while North America’s traffic congestion has jumped by 17 per cent, Europe has risen just two per cent. TomTom believe the contrasts probably are driven by economic growth in North America and financial troubles in the many parts of Europe. In particular, some countries have recorded a marked drop in traffic over the past eight years, including It
    Read More
  • JV selected for Perth’s Forrestfield-Airport Link
    February 23, 2016
    The Public Transport Authority of Western Australia has selected the Salini Impregilo - NRW Joint Venture, comprising Salini Impregilo and NRW Pty, as its preferred bidder to design, construct and maintain the Forrestfield-Airport Link. The US$1.5 billion state government-funded project is a new train line that will connect Forrestfield to the city, opening up Perth’s eastern suburbs to the rail network for the first time and giving Perth Airport users a travel option five minutes faster than by car.
    Read More

Highlighted Content