Sao Paulo signs IDB loan

Sao Paulo signs IDB loan

Loans Project & Infrastructure Finance Brazil

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

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