Integrated Highways of Paraná – lot 5

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The Paraná Integrated Highways concession project was qualified at the 9th meeting of the Investment Partnership Program Council through Resolution No. 52, of May 8, 2019, converted into Decree No. 9,972 of August 14, 2019. The technical feasibility studies were carried out by the Planning and Logistics Company – EPL, together with the International Finance Corporation (IFC) and approved by the Ministry of Infrastructure on January 19, 2021. Lot 5, with a length of 440 km, includes sections of the federal highways BR-158/163/369/467/PR, as well as a section of the state highway PR-317. Lot 5 connects the district of Floriano, in Maringá, to Cascavel, passing through the cities of Peabiru, Campo Mourão and Ubiratã, then the section connects Cascavel to the border of the states of Paraná and Mato Grosso do Sul, passing through the city of Toledo and by the bridge over the Paraná River, in Guaíra. The project foresees investments of around R$ 4.6 billion, throughout the concession period, including the duplication of 239 km of highway, the implementation of 20 km of marginal roads, the correction of the route of 2 km of road, in addition of the implementation of the Peabiru contour. It is also planned to implement 51 uneven intersections, 1 viaduct, 17 level turns and roundabouts, 5 walkways, 6 special works of art, in addition to 12 km of cycle paths. In addition to significant investments, the project provides a 5% discount for those who use the automatic vehicle charging service known as “tag”, in addition to the Frequent User Discount (DUF), which results in a progressive reduction in the amount paid for toll over 30 days for those who use the same route daily. The contract incorporates regulatory improvements recently developed by ANTT, such as the improvement of the project's risk allocation, the mitigation of tariff revenue and exchange risk risks, in addition to the possibility of signing a Tripartite Agreement between the concessionaire, financiers and ANTT, with a view to make the project more attractive to financing agents. Improvements were also incorporated in the dispute resolution clauses and in the clauses relating to the early termination of the concession, providing greater security and predictability to the investor.