To make Brazil’s road transport more affordable with lower toll tariffs and lesser toll processing time, and support Brazil’s capital markets, IFC is investing BRL400 million (around $78 million) in a bridge corporate debenture issued by Concessionária de Rodovias Noroeste Paulista S.A (EcoNoroeste), an indirect subsidiary of EcoRodovias Infraestrutura e Logística, the leading Brazilian toll road operator. The financing supports the development of the road sector while continuing to attract private sector participation in toll roads. Roads are the backbone of Brazil’s transport and logistics matrix, handling around 65 percent of…
Read MoreIFC Invests in EcoRodovias to Make Brazil’s Road Transport More Competitive and Sustainable
