March 13, 2018 |
The state government of Sao Paulo has secured $70m from the IDB to finance the Rodoanel North Highway project, according to a government statement.
Sao Paulo state Governor Geraldo Alckmin signed the contract last week in a meeting at the DC-headquartered multilateral.
Proceeds will be on-lent to EcoRodovias, which won a 30-year concession to operate and maintain the project in January.
The road builder, controlled by the Italy's Gavio Group and local unit Primav Infraestructura, offered a conce
State government obtains $70m for Rodoanel highway, uses meetings to request a further $334m