RIO DE JANEIRO, BRAZIL - The Arab investment fund Mubadala will take over the Rio de Janeiro subway concession instead of Invepar, says columnist Ancelmo Gois of Brazil's "O Globo." According to him, an order from Rio's governor Cláudio Castro last year authorized the transfer.
Also, according to the columnist, Mubadala and the Farallon Fund helped restructure Invepar's R$2.5 billion (US$500 million) debt in September. As a result, it was decided that Invepar would give up the concessions for the subway and the Yellow Line toll road expressway.
In the case of the expressway . . .