Photo: Galvao Engenharia
Brazilian firm Galvao Engenharia was awarded a 30-year contract Friday to operate a 624.8-kilometer (388-mile) stretch of the BR-153 federal highway linking northern Brazil’s Tocantins state with Goias, in the center of the country.
The Brazilian company offered to charge a toll of 4.97 reais ($2.24) per 100 kilometers (62 miles), far below the 9.22 reais ($4.20) ceiling set by the government.
The winner also pledged to invest 4.31 billion reais ($1.96 billion) in road expansion, maintenance and improvement projects, the National Land Transport Agency said.
Galvao Engenharia will have five years to double the entire stretch of highway, which runs through 23 municipalities between Anapolis, Goias and Aliança, Tocantins.
The stretch of highway will have nine toll plazas, according to the contract terms, although motorists will only be charged once 10 percent of the lane-doubling project has been completed.
Galvao Engenharia beat out two other bidders: Triunfo Participacões and the Norte-Sul consortium, which comprises the companies Ecorodovias, Queiroz Galvão and Coimex.
This latest bidding process is part of the so-called Logistics Investment Program that President Dilma Rousseff unveiled in August 2012 and which is aimed at reducing transportation bottlenecks and lowering the costs associated with agricultural production.
Last year, the Brazilian government awarded five concessions to operate different highway stretches covering a combined distance of nearly 4,200 kilometers (2,600 miles).
That fell short of the initial plan to award nine stretches of highway covering a distance of 7,500 kilometers in 2013.