CCR acquires Odebrecht´s stake in RIO lRT project
CCR, the Brazil-based infrastructure concessions group, has announced the agreement to acquire whole stake of Odebrecht's shares in ViaRio, the project company running the development of the port area light rail PPP in Rio de Janeiro. The transaction value is expected to reach BRL107.7 million (US$33 million).
ViaRio is the special purpose vehicle (SPV) responsible for the design, building, financing, operation and maintenance (DBFOM) of the new LTR for a 25-years period. It includes the development of a 27.5 km system composed of 3 lines and 32 stops that will connect the downtown district to Porto Maravilha. The first line of the system opened in June 2016 ahead of the 2016 Olympic Games.
In June 2013, we reported that the consortium composed by Actua - CCR (24,4375%), Invepar (24,4375%), OTP - Odebrecht Transportes (24,4375%), Riopar Participações, (partner of Grupo CCR in CCR Barcas) (24,4375%), Benito Roggio Transporte (2%) and RATP do Brasil Operações(0,25%) signed the Rio de Janeiro light train PPP contract.
As we also reported, in August 2015, the Brazilian Development Bank (BNDES) approved a BRL$747 million (US$213.1 million) loan for the project. The total project investment was estimated at BRL1.77 billion (US$540 million). The federal government would provide BRL500 million (US$153 million) for the project.
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July 15, 2016
Brookfield closes $14 Billion Global Infrastructure Fund
Brookfield Asset Management Inc. has announced that it held the final close on Brookfield Infrastructure Fund III (BIF III) with an aggregate of US$14 billion of equity commitments, creating a global infrastructure fund that invests in high-quality, core infrastructure assets on a value basis. BIF III marks the largest private fund raised by Brookfield and the largest private infrastructure fund ever raised in the industry. In the last 18 months, Brookfield has raised approximately US$27 billion across its flagship private fund strategies, including the close of its flagship real estate fund, Brookfield Strategic Real Estate Partners II at US$9 billion, and its flagship private equity fund, Brookfield Capital Partners IV at US$4 billion. All three funds surpassed their fundraising targets. Total capital commitments of BIF III exceed the original US$10 billion fundraising target, reflecting a robust investment pipeline and strong investor demand for the asset class. BIF III’s predecessor fund closed in 2013 with US$7 billion of total capital commitments. Investors in the Fund are a diverse group of over 120 institutional investors, including public and private pension plans, sovereign wealth funds, financial institutions, endowments and foundations and family offices. Brookfield committed US$4 billion to the Fund, ensuring alignment of interests with other Fund investors. Brookfield’s commitment will be funded through Brookfield Infrastructure Partners L.P. and Brookfield Renewable Partners L.P. To date, the Fund has committed to invest over US$3 billion in assets consistent with the Fund’s investment strategy, including a portfolio of U.S. hydroelectric facilities, a portfolio of Brazilian electricity transmission projects, a leading Colombian power generation company, a portfolio of Peruvian toll roads and a U.S. water infrastructure project developer. Read more -
July 15, 2016
Brazil changes hearing for intercity railways PPP
Brazil's federal and São Paulo state governments have postponed the public hearing for the São Paulo intercity train network Phase I PPP tender process. The meeting, initially scheduled for July 5 has been put off to August 16. Read more -
July 14, 2016
Pernambuco cancels contract for arena PPP
The state of Pernambuco, Brazil, Read more -
July 13, 2016
Public consultation to start soon for Fazenda Albor social PPP project
The State of Sao Paulo, Brazil, Read more -
July 07, 2016
Rio de Janeiro seeks consultants for environmental PPP
The State of Rio de Janeiro, Brazil, has launched a request for expression of interest (RFEOI) to hire consultants to carry out an environmental public private partnership (PPP) project in Ilha Grande. Read more
