2010-12-24

The Mexican division of Spanish construction firm OHL has obtained a loan of 900mn pesos (US$73mn) from Spanish banking giant BBVA to finance one of its local highway projects.   OHL Mexico subsidiary Autopista Urbana Norte will use the funds to partially finance construction of the capital's...

2010-12-24

Venezuela's science, technology and industries ministry has received two loans amounting to 115mn bolivares (US$26.7mn) to upgrade the state-owned cement producer FNC.   The first loan, worth 78.9mn bolivares, comes from the Siembra foundation, while the second, worth 35.6mn bolivares, comes ...

2010-12-24

Costa Rica will invest 1.34tn colones (US$2.66bn) to improve and modernize the country's port, airport and highway infrastructure over the next few years, according to the government's 2011-14 national development plan.   The plan lays out 10 strategic projects to improve the transport sector...

2010-12-23

Argentine President Cristina Fernandez has opened the 312km Rosario-Cordoba highway, linking capital Buenos Aires with Santa Fe and Cordoba provinces.   The state-financed project required an investment of more than 3bn pesos (US$355mn), according to the presidential website.   The fou...

2010-12-23

Chile's public works ministry (MOP) will invest some 45bn pesos (US$95.6mn) in highways, waterworks and other infrastructure in southern region IX during 2011, according regional MOP director Ernst Rendel.   MOP plans to repair some 150km of highways, build 60km of new highways, and improve 1...

2010-12-23

A court in Brazil's Sao Paulo state has suspended a tender for work on a light rail transit (LRT) system for the state's Baixada Santista coastal region near Santos city, state urban transport company EMTU said in a release.   The project is the first phase of a 25-year public-private partner...

2010-12-23

Colombia's concessions authority Inco is carrying out feasibility studies for the concession of the Carare railway, an official from Inco's project structuring unit told BNamericas.   The railway will require an estimated preliminary investment of over US$850mn, said the official, adding that...

2010-12-22

As of December, 98.7% of Chilean infrastructure has recovered its basic functions following damage caused by the 8.8-magnitude earthquake that hit the country's central-southern area in February.   The country's port infrastructure, rural potable water systems, aerodromes and airports are all...