Triunfo highway traffic falls through July
Brazilian infrastructure company Triunfo Participações e Investimento posted falling traffic numbers for its five highway concessions in the first seven months of the year, due to impacts of the 10-day nationwide truckers' strike in May and the country's tepid economic performance.
The number of vehicles paying tolls reached around 101mn reais (US$24.7mn) in the first seven months, down 3.1% year-on-year.
The truckers' strike to protest rising fuel prices affected various highways and concessionaires, and even disrupted fuel supply in major cities. In addition, the weak economy put pressure on highway cargo traffic.
At the start of the year, economists were projecting GDP growth of 3%. However, current estimates stand at around 1.5% with more downward risks ahead.
Triunfo, which also has a stake in Campinas' Viracopos airport concession, saw air passenger numbers fall 5.6% from January-July although cargo movement rose 25.3%, the company said in a statement.
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