Brazil's Rio Grande do Sul roadworks revenue seen at US$176mn

Thursday, July 4, 2013

Southern Brazil's Rio Grande do Sul state roadworks association Sicepot is forecasting total state project revenue for its 120 registered company members to reach approximately 400mn reais (US$176mn) this year, Sicepot VP Athos Cordeiro told BNamericas in an interview.

"We are expecting to be in the same boat as last year, as 2012 reported 400mn reais in revenue," said Cordeiro, who is also the director of local engineering firm STE Serviços Técnicos de Engenharia.

Looking a bit back, the posted revenue for 2010 was much better at 930mn reais, but fell to 250mn reais in 2011, Cordeiro explained.

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When asked which state project is the most important taking place right now, the executive highlighted the widening of federal highway BR-116 between state capital Porto Alegre and the city of Pelotas, which started last year (2012). Overall, the multi-year project involves nearly 1bn reais in contracts.

To help alleviate BR-116 traffic, the union will also implement highway BR-448, which connects the north of the state to Porto Alegre. It should actually be completed this year.

Sicepot represents firms such as highway, bridge and viaduct builders, sign and signaling companies, and engineering consultants which are contracted through federal, state, and municipal governments. Some of its members include local construction companies Norberto Odebrecht, OAS, Triunfo, Mendes Junior, and Serveng Civilsan.

Read the full interview with Athos Cordeiro in this week's Infrastructure Perspectives, for subscribers only.