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Brazilian toll road operator Invepar won today Friday a 30-year concession to upgrade and operate a stretch of a highway linking the capital Brasilia to the port of Rio de Janeiro. The highway auctioned is a 937-kilometer stretch of Brazil's BR-040 highway between Brasilia and Juiz de Fora on the border of Minas Gerais and Rio de Janeiro states.
Invepar gathers OAS investments in transport infrastructure concessions, with a focus on highways, subways, urban roads and airports, both in Brazil and abroad. In addition to OAS, the Previ (Banco do Brasil's Employee Welfare Fund), Petros (Petrobras' Social Security Fundation) and Funcef (Federal Foundation of Caixa Econômica's Employees) are Invepar's shareholders.
Invepar won the auction by offering to charge 61 % less than the maximum toll allowed by the government. The discount to the ceiling price offered by Invepar was the highest in the five road concessions auctioned in 2013:
Brazil's ANTT received eight proposals for the concession in an auction that took place today, 27 December 2013, in Sao Paulo: