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Buenos Aires begins work on BRT line (Argentina)
2010-10-28

The government of Argentine capital Buenos Aires has begun construction of the first line of its bus rapid transit (BRT) system, as part of the city's sustainable transport program.   The exclusive bus lane will run along Juan B. Justo avenue, connecting districts Liniers and Pacífico,...

 
Odebrecht, OAS win US$4.3bn tender for Porto Maravilha urban renovation project (Brazil)
2010-10-28

Brazilian consortium Porto Novo, made up of Odebrecht, OAS and Carioca Engenharia, has won a 7.3bn-real (US$4.26bn) tender to carry out phase II of Rio de Janeiro city's Porto Maravilha port area urban renovation project.   The 15-year agreement between the city and the consortium represents ...

 
Moody's cautious over ISA's Cintra acquisition (Chile)
2010-10-28

International ratings agency Moody's believes Colombian transmission company ISA's recent acquisition of highway concessionaire Cintra Chile is "not without risks," the agency announced in a research note.   Moody's assigned the state-owned firm Baa3 local and foreign currency ratin...

 
Authorities reviewing Orosur railway proposal (Uruguay)
2010-10-27

Uruguay's finance and economy (MEF) and public works and transport (MTOP) ministries are evaluating a private rail initiative submitted by Montevideo-based Orosur Mining (TSX-V, AIM: OMI).   The project involves a railway linking Orosur's San Gregorio gold operation in northern Uruguay with c...

 
DNIT calls US$19mn tenders for Santa Catarina railroad engineering plans (Brazil)
2010-10-27

Brazil's transport infrastructure department (DNIT) has called tenders valued at 31.5mn reais (US$18.6mn) to prepare basic engineering plans for a railroad in the southern state of Santa Catarina.   The plans will be used for the Santa Catarina rail corridor, which will run over 623km inland ...

 
Cemex posts US$86mn loss on low sales (Mexico)
2010-10-27

Mexican cement manufacturer Cemex (NYSE: CX) posted a net loss of US$86.3mn for Q3 compared to a net profit of US$78mn in the same period last year.   The loss, which resulted from lower operating income and higher financial expenses, was partly mitigated by a US$109mn foreign exchange gain, ...

 
ICA expects Corredor Sur sale to wrap up in 1Q11 (Panama)
2010-10-27

Mexican construction company ICA (BMV, NYSE: ICA) expects to finalize the sale of its Corredor Sur tollroad to the Panamanian government in 1Q11, according to CFO Alonso Quintana.   "We expect the process to continue for another three to four months," Quintana said in a conference c...

 
PPS contracts key to DF infrastructure development, says public works head (Mexico)
2010-10-26

Public service provision (PPS) contracts have been crucial for the development of public infrastructure in Mexico's federal district (DF), according to the city government's public works head, Fernando Aboitiz.   PPS contracts allow the government to quickly obtain funding for projects, and a...

 
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