November 1, 2021 |
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.
Brazilian infrastructure company bids $314 mln to win another 30-year contract for the concession it has held since 1996