CCR retakes Via Dutra in auction

CCR retakes Via Dutra in auction

Corporate & Sovereign Strategy Brazil Project & Infrastructure Finance Toll Road Highways Loans Debt Regulation

Brazilian infrastructure company CCR held on the concession for the Via Dutra toll road at an auction on Friday, thanks to a bid of BRL1.77 billion ($314 mln) and an offer of a 15.3% discount on tolls. CCR committed to invest BRL14.8 billion during the 30-year concession, including upgrades to a coastal stretch of highway between Ubatuba and Rio de Janeiro.  "We have the capacity to meet the investment requirements," CCR CEO Marco Cauduro said at a press conference after the auction. "Typically

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