Nascentes das Gerais

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IDB Invest financing will allow for the expansion and improvement of approximately 371 kilometers of state highway, connecting metropolitan Belo Horizonte to the municipality of São Sebastião do Paraíso at the border with the state of São Paulo (the “Project”). The highway network cuts directly through 22 municipalities in Minas Gerais and influences 50 cities, home to 1.3 million inhabitants (i.e., 7.4% of the state’s population). It is estimated that 7.7% of Minas Gerais’ GDP (Gross Domestic Product) is concentrated in the MG-050 system catchment area.The investment program, during the 25 years of the concession period, consists in the expansion and improvement of the existing highway, including 82.3 km of highway shoulder improvements 52.9 kilometers of new roads, 114 kilometers of third lane expansions, and construction of 17 interchanges, 12 bridges, viaducts and other structural works, as well as nine pedestrian overpasses or underpasses. IDB Invest will finance the investments executed from mid-2017 to 2022, improving road conditions and increasing user safety.Project cost is R$1.3 billion, which will be financed by IDB Invest through a long-term loan in an amount not to exceed R$400 million with a term of up to 12 years; capital contribution and cash from operations of R$567 million and debentures of R$310 million.