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​São Paulo's Agência Reguladora de Serviços Públicos (ARTESP) has awarded to Pátria Investimentos the concession contract for the Rodovias Centro-Oeste Paulista project in São Paulo (Brazil).

Patria Investimentos presented the best offer with a bid of BRL917 million (US$296 million), beating out competition from Ecorodovias Infraestrutura e Logística S.A., which presented a BRL611 million (US$197 million) offer.

The 30-year concession is worth an estimated BRL3.9 billion, including BRL1.8 billion road improvements and BRL1 billion to expand a 200km stretch of state highway SP-333.

The concession is lot four of the highway concessions program announced in November 2015.

That lot refers to an extension of 570 km, which includes the State highways SP 266, SP 294, SP 322, SP 328, SP 330, SP 333 and SP 351, and provides for the duplication of 201 km of SP 333, between the City of Borborema and the border of the State of São Paulo with the State of Paraná.

The concession project will cover the following municipalities: Florínea, Pedrinhas Paulista, Cruzália, Tarumã, Assis, Platina, Echaporã, Marília, Júlio Mesquita, Guarantã, Cafelândia, Pongaí, Uru, Novo Horizonte, Borborema, Ribeirão Preto, Sertãozinho, Pontal, Pitangueiras, Viradouro, Bebedouro, Jardinópolis, Sales Oliveira, Orlândia, São Joaquim da Barra, Guará, Ituverava, Buritizal, Aramina, and Igarapava.

International Finance Corporation (IFC), Inter-American Development Bank (IDB) and Brazilian Development Bank (BNDES) are acting as advisors for the project.