Consortium Led By Patria Investments Wins Auction For The Concession Of Highway System In The South Of Brazil
Portfolio Pulse from Happy Mohamed
Patria Investments, along with a consortium including Saudi Arabia's sovereign wealth fund, has won the auction for the concession of the 'Paraná Lote 1' highway system in Brazil. This marks the first investment of Patria Infrastructure Fund V and expands Patria's presence in the toll roads segment. The project, awarded by Brazil's National Transportation Agency, involves 473 kilometers of federal and state roads and is expected to receive total investments of approximately US$ 1.6 billion over 30 years.
August 28, 2023 | 1:04 pm
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Patria Investments has won a significant highway concession in Brazil, marking a major investment for the company. This could potentially boost the company's profile and profitability in the long term.
The news directly pertains to Patria Investments and its expansion in the toll roads segment. The successful bid and the associated investment of $1.6 billion could potentially enhance the company's profitability and growth in the long term.
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