Highway projects underway in Brazil

Work is underway securing the finances for key highway projects in Brazil. The tender process for the US$1.72 billio Tamoios Highway project is now underway and the bids are due in mid-May 2014, according to Business News Americas. The project involves a 30 year concession package to operate and maintain the SP-99 Planalto and Serra stretches of the Tamoios highway, connecting the coastal cities of São José dos Campos and Caraguatatuba. The contract also involves 21.5km of road widening along the Serra stretch, and managing the SP-55 road. The winner will be decided on the basis of the lowest annual concession payment requested.

Meanwhile Brazil's national land transport agency 5354 ANTT has authorised the concessionary responsible for work on the Presidente Dutra highway to raise a $202.44 million loan through promissory notes without guarantees.