The aggressive bidding for the eastern leg of the Sao Paulo beltway (known as the Rodoanel) bodes well for future build, operate and transfer (BOT) concessions in the road sector. Local infrastructure firm Bertin Group, through a consortium made up of two of its subsidiaries, won the auction, offering a discount of 63.3 per cent off the ceiling price. Bertin subsidiaries Equipav and CIBE will need to invest R$4 billion (US$2.35 billion) in order to build 42.38 km of the highway within 36...
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