Ecorodovias and GLP Win Brazil Highway Tender
A consortium including Brazilian logistics company Ecorodovias Concessões e Serviços has won the international tender for the concession of a major road.
A consortium comprising Brazilian logistics company Ecorodovias Concessões e Serviços and global asset manager GLP, acting through its related company GLP X Participações, has won the international tender for the concession of the BR-153 / TO / GO toll road for a period of 35 years by submitting an offer for $59.6 million (320 million reais as of the time of submission). The consortium’s bid won out over local infrastructure concessionaire CCR.
The auction was organised by the National Land Transport Agency (ANTT) and the Ministry of Infrastructure. The awarded road has an extension of 850.7 kilometres and connects Aliança do Tocantins in the northern Brazilian state of Tocantins, and Anápolis in the state of Goiás in the centre-west of the country, and is considered an important route for cargo transportation. Over 13 billion reais is projected to be invested in the road and its infrastructure.