Brazil highway concession awarded

A major Brazilian highway concession package has been awarded to Triunfo Participações e Investimentos (TPI). The US$3.02 billion tender is for a multiple federal highway concession package for the BR-060, BR-153 and BR-262, according to a report from Business News Americas. This deal covers some 1,177km of highway stretches, including the installation of 11 tollbooths and widening 648km of roads within a five year period. The sections of highway involved in the deal are in Brazil’s Federal District as well as the states of Goiás and Minas Gerais. The contract was won on the basis of the lowest toll charge being offered. The ceiling price was set at 5.94 reais per 100km. TPI won with a bid of 2.85 reais. The company's broker is Planner.