Ecorodovias Signs Brazil Road Concession

Italy-based Impregilo, which owns half of the Primav Ecorodovias Group in Brazil, says the latter has signed a 30-year management concession contract that it expects will generate some BRL8bn in revenue during the duration of the concession. As part of the contract, signed with the Public Transport Regulatory Agency of the State of Sao Paulo, Ecorodovias will manage the 135km Ayrton Senna/Carvalho Pinto motorway that links Sao Paulo with Taubate. Under the contract, Ecorodovias will pay the conceding authority an overall fee of around BRL600m real and make investments over the concession period for an amount of about BRL900m. These investments will focus on construction of a 7km extension, modernization work and a partial widening of the current road, Impregilo says.