Italy's INC wins Belo Horizonte ring road PPP

Italy's INC wins Belo Horizonte ring road PPP

Brazil Capital Markets Project & Infrastructure Finance Toll Road Highways Regulation

Italian construction group INC won an auction on Friday for a public private partnership (PPP) to build a ring road around Belo Horizonte, the state capital of Minas Gerais, according to the state government. Turin-based INC beat a consortium led by China Railway Construction Corporation (CRCC) by asking for BRL91.1 million ($17.9 million) in availability payments, 12.1% below the limit of BRL104 million set by the state government. The 30-year PPP is expected to involve in BRL4.1 billion in tot

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