Contract awarded for USD518 million Highway PPP Project in Brazil
1 June 2023
The National Bank for Economic and Social Development (BNDES) has announced that an Infraestrutura MG consortium, comprising Equipav and Perfin, won the 30-year concession for Varginha-Furnas highway in the state of Minas Gerais, Brazil.
Perfin is an independent investment company with two divisions: Perfin Asset and Perfin Wealth. The company is mainly involved in management, analysis, risk control, compliance, investor relations and operational practices. Equipav operates in the water and waste, engineering, transport, and agribusiness sectors. The Infraestrutura MG consortium proposed a fare of BRL13.17 (US$2.62). The contract covers 433 km and requires an investment of BRL2.6 billion (US$518 million) in improvements and maintenance.
The project involves the construction of the roads that are located between São Sebastião do Paraíso and Três Corações, covering 22 municipalities. The project includes duplication stretches of approximately 8 km between Varginha and Três Corações, implementation of approximately 30 km of additional lanes and 236 km of shoulders, in addition to the execution of various devices at road intersections.
Related
-
ZHA wins with design for new Vilnius airport terminal
1 July 2025
-
EBRD supports Egypt with first private-to-private electricity contracts
1 July 2025
-
Budapest to get its first airport rail link
30 June 2025
-
UK rejects support for $33bn Moroccan subsea renewable energy link
30 June 2025
-
China signs deal for phosphoric acid plant in Egypt
30 June 2025
-
Skanska lands $250m Boston airport parking garage contract
27 June 2025