Brazil plans to offer US$1.1bn highway concession
The Brazilian government is planning to hold an auction for the concession of the BR-381 highway during the fourth quarter.
The project is expected to demand 5.5bn reais (US$1.07bn) in investments.
The infrastructure ministry said in a release that it filed the tender documents with the country's audit court (TCU), who has to approve the concession process.
With an extension of 304km, the highway connects Belo Horizonte to Governador Valadares, in Minas Gerais state, and is considered key for the transportation of agricultural, livestock, mining and industrial products.
The concession plan faced various changes in recent quarters after various attempts to offer it failed.
The original plan included two highways, BR-381 and BR-262, but did not attract interest from infrastructure operators as the engineering works for the latter were seen as very costly and complex.
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