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Latino Daily News

Sunday December 29, 2013

Toll-Road Operator Wins Brazil Highway Contract

Toll-Road Operator Wins Brazil Highway Contract

Photo: BR-040 federal highway

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Brazilian toll-road operator Invepar on Friday was awarded a 30-year concession contract to operate a stretch of the BR-040 federal highway linking the capital, Brasilia, and the southeastern city of Juiz de Fora.

Invepar, which holds concessions to operate Sao Paulo’s international airport, Rio de Janeiro’s metro network and five highways, beat out seven other groups by offering a 61.13 percent discount to the maximum toll set by the government, the National Land Transportation Agency said.

Whereas the government established a toll ceiling of 8.30 reais (some $3.60) per 100 kilometers (62 miles) on the 936.8-kilometer stretch, Invepar offered to charge a toll of 3.22 reais (some $1.40).

The highway auction, one of several held this year, took place at the Sao Paulo Stock Exchange and lasted just 20 minutes.

It attracted heavy interest because the BR-040 highway links the major cities of Rio de Janeiro, Belo Horizonte and Brasilia and is used by some 7,165 vehicles per day.

Under the terms of the concession, Invepar has five years to double the highway’s width over a distance of 557.2 kilometers and must invest nearly 7.92 billion reais (some $3.44 billion) to expand, modernize, repair and maintain the toll road.

Invepar is an investment group whose partners include construction firm OAS and the employee pension funds of state-controlled oil giant Petrobras and the government-controlled Banco do Brasil, Latin America’s largest bank by assets.

Infrastructure companies CCR, Triunfo Participaçoes and Contern Construçoes e Comercio, as well as consortiums led by toll-road operator Ecorodovias, conglomerate Queiroz Galvao, construction company Encalso Construçoes and engineering services firm Fidens Engenharia, also were in the running for the concession.

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