CCR has been selected by the City of Rio de Janeiro for the development of the feasibility studies of a concession to complete and integrate the ring road around Rio de Janeiro.

The request for Expressions of interest was launched on April 9 and the deadline for registration was 30 days later.

Two other companies have shown interest in the feasibility studies (Ecorodovias and Carioca Engenharia/Queiroz Galvão), but according to the rules of the EOI, only one company could be authorized to conduct the studies.

CCR had the lowest bid, R$4.5 million, and this allowed the firm to get the best score in the tender process. The City of Rio de Janeiro made public all the scores.

Source: PPP Brasil