GLP team wins highway concession in Brazil

GLP team wins highway concession in Brazil

Project & Infrastructure Finance Brazil Asia

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

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