No menu items!

Brazil raises US$315 million in São Paulo-Rio highway concession auction

RIO DE JANEIRO, BRAZIL - Brazilian CCR won the auction held at the São Paulo stock exchange and will thus continue to manage the highway for the next 30 years, extendable for a further 5.

CCR won the auction against the Ecorodovias consortium by offering the highest discount on the basic toll rate, 15.31%, compared to the 10.60% offered by its rival.

With an extension of 625 kilometers, the Presidente Dutra highway is Brazil's most important highway as it links the country's two most populated cities and is estimated that 50% of Brazil's Gross Domestic . . .

To read the full NEWS and much more, Subscribe to our Premium Membership Plan. Already Subscribed?

Check out our other content