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.

In early December 2013 Triunfo Participações e Investimentos (TPI) had won the tender process for the project.

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:

• The BR-060 links the capital, Brasilia, with the central state of Goias and runs through Anapolis, a major agricultural and industrial hub in central Brazil.
• The BR-153 connects the central city of Goiania with the southeastern states of Minas Gerais and Sao Paulo and it is a key route for transporting farm products to consumer markets.
• The BR-262 links Brasilia with Belo Horizonte, capital of Minas Gerais.

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.