Brazil – Ecorodovias (Gavio Group) wins a new contract

The Gavio Group, through its Brazilian subsidiary EcoRodovias Concessoes e Servicos S.A., has been adjudicated a 30-year concession for the “Lote Noroeste” motorway network after submitting a bid worth 1.236 billion reais (240 million euros). Located in the north-eastern region of the State of Sao Paulo, the network extends over an area 601 kms long and represents one of Brazil’s most relevant logistic corridors for the transportation of agricultural products, fertilizers, fuel, and construction machines, material and equipment. The investment, including operating costs, is estimated to amount to 14 billion reais (2.68 billion euros). Through the adjudication of the “Lote Noroeste” concession, which the Gavio Group won after less than four months from winning another concession relative to 726.9 kms of motorways between Rio de Janeiro and Governador Valares (Minas Gerais), the Group consolidates its position as Brazil’s leading motorway network operator, managing more than 4,700 motorway sections in eight States.