Brazil's highway development continues

Some US$843.6 million is being approved to help finance the road concession Concessionaria Auto Raposo Tavares (Cart) and Ecopistas by Brazil's national development bank BNDES.
March 1, 2012 Read time: 1 min
RSSSome US$843.6 million is being approved to help finance the road concession 3513 Concessionaria Auto Raposo Tavares (Cart) and 3511 Ecopistas by 3432 Brazilian National Development Bank BNDES. The amount will be split between Cart and Ecopistas in a split worth some $633.9 million and $214 million respectively. Cart has the concession for the Raposo Tavares highway and will use the funds to upgrade the link as set out in its contract. By February of 2015, Cart will invest $1.567 billion in the concession, of which 39.1% will be financed by BNDES.

Ecopistas, part of the Grupo 2688 Ecorodovias, holds the concessions for the Ayrton Senna and Carvalho Pinto highways in Sao Paulo.

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