Brazil's national development bank BNDES has approved a R$ 1.06 billion (US$472.1 million) bridge loan for the infrastructure group Triunfo Participações e Investimentos (TPI), to finance the concession of Brazil's federal highways BR-060, BR-153 and BR-262.
The winner was based on the lowest toll charge offered. The ceiling price was set at 5.94 reais per 100km. TPI won with a bid of 2.85 reais. Second was Invepar with a bid of 3.43 reais per 100km and third a proposal of 3.49 reais from a consortium led by Ecorodvias.
The project involves 1,177km of highway stretches along BR-060, BR-153 and BR-262, passing through the Federal District and the states of Goiás and Minas Gerais. The contract has an investment during the first five years of R$3.98 billion (US$1.9 billion). The project involves installing 11 tollbooths and widening 648km of highway stretches before the fifth year of the concession.
The project consists of three different sections:
Triunfo will invest R7.15 billion (US$3.1 billion) during the life of the 30-year concession contract in highway expansions, improvements and modernization projects.
The project falls within the this phase of the Brazilian Road concessions Program.