HomePublicaçõesInsightsPatria Group joins Singapore’s GIC and wins Piracicaba-Panorama Highway Concession in Brazil

Patria Group joins Singapore’s GIC and wins Piracicaba-Panorama Highway Concession in Brazil

Consórcio Infraestrutura Brasil (CIB), formed by Pátria Group and GIC Private Limited, formerly known as Government of Singapore Investment Corporation, has just won the largest highway concession in Brazil until now, covering 1,273 km of roads. CIB bid R$1.1 billion (more than US$270 million) to take the roadway which connects the cities of Piracicaba and Panorama, in Sao Paulo State. CIB’s bid was 7,209.25% higher than the minimum value established by the bid notice.

Bids were opened this Wednesday in B3 headquarter in the city of Sao Paulo. CIB disputed against Ecorodovias Group, which also partnered with a foreign investment group, in this case, from China. The presence of both groups overcame market expectations of an absence of foreign investors during this new phase of highway concessions in Brazil. Thereby, their participation signs good perspectives for other highway concessions expected throughout this year in the country. Piracicaba-Panorama is the third highway concession of Patria Group in Brazil, the other two being also in Sao Paulo State.

Cadastre-se e receba conteúdos exclusivos e atualizações de mercado

Mantenha-se informado sobre as últimas tendências e tecnologias em Logística e Supply Chain

Rio de Janeiro

Tv. do Ouvidor, 5, sl 1301
Centro, Rio de Janeiro – RJ
CEP: 20040-040
Telefone: (21) 3445.3000

São Paulo

Alameda Santos, 200 – CJ 102
Cerqueira Cesar, São Paulo – SP
CEP: 01419-002
Telefone: (11) 3847.1909


© Todos os direitos reservados para ILOS – Desenvolvido por Design C22