Brazilian tollroad operator CCR (Bovespa:CCRO3) plans to invest 1.4mn euros (US$2bn) in construction and maintenance of roads up to end-2009, paper Diário Econômico reported.
The investment figure does not include any new highway concessions or acquisitions, the report said.
As well as construction and maintenance, the firm will pay 790mn euros to the state of São Paulo for the Rodoanel highway concession.
About US$462mn is expected to be invested this year. São Paulo's AutoBAn (Bandeirantes) will absorb the largest amount with about US$111mn. ViaOeste will follow next with investments of US$57.2mn while the recently acquired Renovias will receive around US$54mn.
For 2009, the firm is planning an investment of about US$371mn. AutoBAn will once again receive the highest investment with about US$83.2mn followed by Renovias with around US$44.4mn, according to the report.
No comments:
Post a Comment