2009-12-01

The project to repave Brazil's Pará state Transamazônica highway or BR-230 will cost a total of 967mn reais (US$552mn), a national transport department (DNIT) spokesperson told BNamericas.   Works should restart in March 2010 and are scheduled for completion in December 2010, the...

2009-12-01

Mexican cement manufacturer Holcim Apasco, a subsidiary of Swiss company Holcim, expects to raise up to 950mn pesos (US$73.1mn) from a securitization of accounts receivables, in a move to replace its short-term debt with long-term debt, paper Milenio reported.   The transaction represents the...

2009-12-01

Officials from global port operator DP World said Latin America should not be concerned about the future of the port terminals operated by the company, in the wake of Dubai World's restructuring and unexpected request for a debt deferment.   "We cannot comment further," said a compa...

2009-11-25

Technical and economic proposals for Peru's electric train expansion in capital Lima were submitted by three consortiums on November 23 to the transport and communications ministry (MTC), local press reported.   The three participating consortiums are: Consorcio Tren Eléctrico formed b...

2009-11-25

The law creating regional development bank Banco del Sur was published in Venezuela's official gazette on Monday (Nov 23), government news agency ABN reported.   The agreement creating the bank was signed by Argentina, Brazil, Paraguay, Uruguay, Ecuador, Bolivia and Venezuela, the report said...

2009-11-25

Costa Rica's public works and transport ministry (MOPT) needs to invest US$200mn over the next three years to improve bridge infrastructure, local paper La Nación reported.   These resources would be sufficient to carry out maintenance on the country's bridges which have been neglected...

2009-11-25

Brazil's federal government has guaranteed some 300mn reais (US$174mn) to develop a bus rapid transit (BRT) system in the metropolitan region of Ceará state capital Recife, national cargo transport association ABTC reported in a release.   The project is designed to improve urban mobil...

2009-11-24

Chile's housing and urbanization ministry (Minvu) will invest 170bn pesos (US$342mn) to implement a software system that recognizes and classifies different types of potholes on the road network, local press reported.   The software will be installed in a specially equipped vehicle that will ...