Triunfo Participações e Investimentos, a Brazilian company that operates infrastructures assets, has reached and agreement with the federal government of Brazil to exchange investments for toll increases in one of its road concessions.

The deal comprises an increment of highway tolls by 79% to R$7.7 (US$1.88) for its Triunfo Transbrasiliana concessionaire in the state of São Paulo.

As part of the agreement, the firm will have to widen 51.7km of its concession and build an urban crossing in São José do Rio Preto. The total new investment is estimated at R$398 million (US$97.1 million).

Triunfo Transbrasiliana is a highway concessionaire that manages 321.6km of of the road BR-153 between the cities of Ourinhos (São Paulo) and the Minas Gerais border.

The BR-153 is a major federal highway of Brazil, officially named as Transbrasiliana Highway. It crosses Brazil in the North-South direction, starting in São Domingos do Araguaia, state of Pará and ending in Aceguá, in the state of Rio Grande do Sul on the Brazil/Uruguay border. The highway, highly variable in quality and traffic, cuts through the states of Pará, Tocantins, Goiás, Minas Gerais, São Paulo, Paraná, Santa Catarina and Rio Grande do Sul.