Odebrecht announces sale of Peruvian road project to Brookfield
Odebrecht Latinvest has reached an agreement to sell 57% of Rutas de Lima road concession to Brookfield. Upon completion of the sale, Rutas de Lima will be owned by Brookfield and its institutional partners (57%), Odebrecht Latinvest (25%) and Sigma (18%).
Owners are committed to ensuring on-going development projects remain on track to be completed as previously planned. They will focus on both improving operating services and identifying additional infrastructure investment opportunities.
The project comprises the maintenance, expansion and operation of 98 kilometers of existing roads and the construction, operation and maintenance of 19 kilometers of new roads, intended to reduce traffic congestion and increase efficiency of the commercial exchange among Lima, the port of Callao and provinces located to the north, center and south of Peru.
In July 2014 we reported that Odebrecht closed financing for the 'Rutas de Lima' highway concession in Peru.
Country news
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June 28, 2016
Proinversion to hire TA to assess Lake Titicaca wastewater private initiative
Proinversión, the agency of the Government of Peru responsible for promoting investment and privatization, has launched a tender process to hire a transaction advisor for the Lake Titicaca sewage treatment plants project. Read more -
May 20, 2016
Tisco Graña y Montero submit unsolicited proposal for arequipa light rail PPP
Tisco, Graña y Montero have submitted an unsolicited proposal to develop a light rail project in Arequipa, Peru, through the public private partnership (PPP) model. Read more -
May 05, 2016
Acciona completes wastewater plant in Lima
The President of the Republic of Peru, Ollanta Humala, has recently inaugurated the Wastewater Treatment Plant and Underwater Outlet of La Chira, which has been developed by a joint venture formed by ACCIONA Agua and the local company Graña y Montero in Lima. Read more -
April 22, 2016
Proinversion to declare viable Titicaca lake wastewater PPP
Proinversión, the agency of the Government of Peru responsible for promoting investment and privatization, has recently announced that the Lake Titicaca sewage treatment plants project at the Lake Titicaca, one of South America's largest lakes, could be declared viable in the last quarter of 2016 as a private initiative (PI). Read more -
February 25, 2016
Yilport Holding acquires Tertir portfolio of 10 port terminals
Yilport Holding has closed the acquisition of 100% of the shares of the Portuguese port management company, Tertir. Read more
