Brazil's São Paulo state, through the state transportation agency of São Paulo (ARTESP), has re-launched  the tender process for the Rodovia dos Tamoios highway PPP project.

The proposals had to be submitted on or before 14 May 20014, but after this announcement the deadline has been extended. Interested parties must submit their proposals by 18 June 2014.

According to ARTESP, the new tender documents (Edital) contains the environmental licenses and additional information concerning the operation of the highway stretch.

The estimated total project investment is approximately R$ 3.9 billion (US$1.75 billion) and the concession period will be 30 years. The expected internal rate of return (IRR) for the project is 8 % according to a project presentation.

The road will be tolled but the concessionaire will receive annual payments from the Government, which also add resources to the total cost of the project.

The highway "Rodovia dos Tamoios"  is partly dual-lane and partly single-lane, and runs from the city of São José dos Campos, located in the Paraíba River valley in the upper plateau of São Paulo to the coastal lowlands of the city of Caraguatatuba.

The object of the project is the operation and maintenance of the SP-099 highway, 'Rodovia dos Tamoios', between 11 +500 km to 83 +400 km, Caraguatatuba bypass and São Sebastião bypass.

The contract will also include the civil works on the stretch between km 60 +480 km to 82 +000 km of the SP-099 highway, 'Rodovia dos Tamoios.'