Triunfo hands back toll road concession

Triunfo hands back toll road concession

Project & Infrastructure Finance Debt Regulation Brazil Latin America

Brazilian infrastructure company Triunfo said on Monday that it will hand back to the government the country's largest toll road concession due to the weakening economy and the "unpredictable change" in the government's long-term financing policies. Concessionária das Rodovias Centrais do Brasil (Concebra), the concessionaire operated by Triunfo, filed an application with the national ground transportation agency ANTT to reauction the toll road due to "contract imbalances" and because it was "un

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