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A win for Marina Silva in Brazil's presidential election could be good news for the country's highway concessionaires, according to a study conducted by investment bank Natixis
Motorway traffic in Brazil, Natixis said, is closely connected to the economic climate.
In the case of Brazil, heavy goods vehicle traffic is significantly more sensitive to economic conditions than light vehicles. Currently, heavy goods vehicles account for over 35% of the country's traffic mix on average.
In the case of a Silva win, medium-term economic growth – from 2016 onwards – looks slightly brighter, according to the report.
"While we expect a narrow contest, a victory for Marina Silva is likely to create market opportunities," the report said.
Natixis added, however, that it did not expect a large impact as the uptick in heavy vehicles could be offset by a negative impact on light vehicle traffic influenced by a reduction in support measures for the automotive sector and higher fuel prices.
Currently, polls show that incumbent President Dilma Rousseff (PT party) and Silva (PSB party) are in a technical tie in the second round of the country's October elections.
In the first round (October 5), support for Rousseff looks to be 36%, Silva 33%, and Neves (PSDB) 15%. In a second round runoff, Silva has 47% support, while Rousseff has 43%. For more detailed information, visit this page.
BNamericas will host its 5th South America Infrastructure Summit in Colombia on October 22-23.