The corruption investigations that swept over Brazil raised an important question: who would take on infrastructure projects now that traditional sponsors were either under investigation or not bidding for new projects? Pátria Investimentos appeared to provide an answer in June 2017, when it formed Entrevias to run a network of toll roads in the state of São Paulo. As the state transportation agency Artesp said at the time, Entrevias marked the first time an investment fund had won a toll road concession in the state. But as Entrevias signed a 30-year contract to operate and maintain 570km of roads across the state, complete with 2.4 billion reais ($590 million) in project costs, Brazil wa

Already have an account?

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial