CCR agrees to extend road concession contract for 13 years
CCR has agreed to extend the concession contract for the Presidente Dutra Highway, located in Brazil, for a period of 13 years.
The toll road is managed and maintained through a concession to the private company NovaDutra S/A, which is managed by CCR, since March 1996.
Under the agreement to extend the concession contract, from 2021 to 2034, CCR will have to invest about R$2.3 billion (US$591.5 million) in the road.
The initial investment for the road concession was US$525.5 million.
Presidente Dutra Highway is 402 kilometers long and connects the country's two main metropolitan regions: São Paulo and Rio de Janeiro. Major cities connected by this part of BR-116 are the city of São Paulo, Jacareí, São José dos Campos, Taubaté, Pindamonhangaba, Guaratinguetá, Resende, Barra Mansa, Volta Redonda and the city of Rio de Janeiro.
Today, the Via Dutra has several sections with marginal tracks and an average of 790 thousand trips per day, crossing the main industrial centers of the two states and covering a region that accounts for about 50% of Brazil's GDP.
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