Brazil Expands List of P3 Developers

Brazilian engineering firm Galvao Engenharia won its first highway toll concession this month, awarded by Brazil’s land transport regulator, ANTT. Galvao Engenharia bid against three rival teams for the 30-year concession for BR-153, a 624.8-km-long federal road between Anapolis, in Goià state, and Gurupi, in Tocantin state.

Behind the clutch of bidders for BR-153 is Brazil’s transport minister, Cesar Borges, who engineered a consensus with road developers on the terms of the tender prior to its roll out. As a result, BR-153 was shortened by 200 km, which reduced by 35% the cost estimate to upgrade the highway.


About Bill Reinhardt

Editor of Public Works Financing newsletter
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