Brazilian highway operator Companhia de Concessöes Rodoviarias (CCR) barreled into Sâo Paulo city’s auction of an O&M lease of two mass transit systems with the winning bid that was an 185% premium over the base upfront fee. The two projects, an underground metro line and a monorail project, will expand CCR’s hold on mass transit.

The CCR team, Via Mobilidade, in which CCR holds 83.4%, beat South Korea’s metro company JSL, which offered a 100% premium over the Reais 194.3 million (US$62.2 million) base bid fee.