Electronic toll systems in São Paulo, Brazil are target for investors

The electronic road toll payment market in São Paulo, Brazil, is said to have seen growth in recent months following the break of the state monopoly. The state's road toll payment regulatory body, Artesp, is close to approving Move Mais, which has attracted the interest of several groups seeking a partnership.
October 8, 2013 Read time: 2 mins
The electronic road toll payment market in São Paulo, Brazil, is said to have seen growth in recent months following the break of the state monopoly.

The state's road toll payment regulatory body, 5380 Artesp, is close to approving Move Mais, which has attracted the interest of several groups seeking a partnership.

Also in the sector, Raizen, from Cosan and Shell, has recently acquired a 10% share in Servicos e Tecnologia de Pagamentos (STP) for US$113.24 million (BRL250 million), while, according to Bloomberg, 2688 Ecorodovias is currently in negotiations for an 11.4% share in STP.

Meanwhile, U.S. firm FleetCor is also in negotiations for the acquisition of an as yet undetermined percentage of DBTrans, owner of Auto Expresso. ConectCar, a joint venture involving 1305 Odebrecht and Ultra, has announced plans to invest $67.64 million (BRL150 million) in toll booth infrastructure, but does not plan for any new partners in the enterprise.

The Brazil tolling sector sees high margins, with STP reporting a profitability of 87.3%, and its potential for growth, with the Brazilian Government hoping to place an electronic chip in every car, makes it a target for investors.
Highway & Network Management

For more information on companies in this article

Related Content

  • Brazil’s booming economy fuels infrastructure demand
    July 18, 2012
    The emergence of Brazil as a major economic force and its need to improve infrastructure is proving a magnet for investment. Patrick Smith reports Brazil is now the sixth biggest economy in the world according to its Finance Minister Guido Mantega. The largest country in South America with a population of 190 million and one of the BRICS, (Brazil, Russia, India, China, South Africa, Brazil’s economy grew 2.7% in 2011 and is now worth $2.5 trillion, having overtaken the UK. With big oil and gas reserves stil
    Read More
  • Primav increases share in Brazil road management firm Ecorodovias
    December 14, 2012
    Brazilian infrastructure company Primav (CR Almeida) is set to increase its share in road management firm Ecorodovias. The company will acquire 19% from Italian civil engineering group Impregilo, in a deal valued at US$971.32 million (BRL 2.02bn), bringing its control over the firm from 45% to 65%. The Administrative Council for Economic Defence (Cade) has already green-lit the operation.
    Read More
  • Brazilian road projects on track
    February 15, 2012
    A package of road works worth some US$206 million will be carried out in Brazil's Sao Paulo State. The civil engineering work will be focused on roads in the Baixada Santista area.
    Read More
  • Latin America invests in infrastructure growth
    February 15, 2012
    Travelling in one of the world's most diverse regions is not always easy, but spectacular engineering feats will make life easier as Patrick Smith reports. Five years ago a report from the World Bank noted that infrastructure in most of Latin America and the Caribbean (LAC) had improved over the previous ten years.
    Read More

Highlighted Content