News / MegaProject 88: Consorcio Planalto wins BR-050 road concession

MegaProject 88: Consorcio Planalto wins BR-050 road concession

🕔 September 18, 2013
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Consorcio do Planalto has won today the right to operate 436 kilometers of the BR-050 highway concessionlinking Goias to Minas Gerais, pledging to invest 3 billion reais ($1.33 billion).

Consorcio do Planaltois composed of BrazilianconstructioncompaniesSenpar SA, Construtora Estrutural SA; Construtora Kamilos SA, Ellenco Construes SA; Engenharia e Comercio Bandeirantes and Greca Distribuidora de Asfaltos. The group presented the winning bid, with a discount of 42.38 % over the government's proposed toll for the road.

Consorcio do Planalto beat competition from big players such as EcoRodovias, Invepar andOdebrecht, Triunfo Participacoes e Investimentos, Arteris,CCRandQueiroz Galvo.

The auction took place at BOVESPA, Brazil's main stock exchange market.

Brazil's national ground transport agencyANTT said yesterday that the eight proposals forthe R$3.03 billion (US$1.34 billion)BR-050highway concessionare eligible for award today, Wednesday, when the auction will take place.

The 30-year concession involves the maintenance, operation and expansion of the highway BR-050 from Goiasto So Paulo - Minas Gerais border. The road has alength of 436.6 km.Government-owned BNDES development had agreed last week to finance up to 70% of investment.

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