December 9, 2019
Way-306, a consortium that includes the Singapore-based logistics company GLP, won an auction for a state highway concession in Mato Grosso do Sul with a bid of BRL605 million ($146 million).
The consortium, which also includes the local firms Grupo Bandeirantes, TCL, Senpar and TORC, agreed to make another BRL932 million in investments over the course of the 30-year contract, GLP said on its website.
The project marks GLP's first investment in the highway sector, but Bandeirantes, TCL and Senpa
Way-306 bids $145 mln for the 30-year contract, lining up $225 mln in investments