Osorio - Porto Alegre Highway

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The project company is headed by Construtora Triunfo LTDA (in 1997, Concepa was established by Construtora Triunfo and SBS Engenharia. In 2008, it became a wholly-owned subsidiary of Construtora Triunfo). The project includes rehabilitation and operation of the 112.3 km highway whose average daily traffic flow is estimated at 12,000 vehicles. Until December 1997, US$ 23 million has been invested (it was firstly estimated an investment of US$ 15 million until December 1997). The company was awaiting a loan approval from the BNDES (Brazilian state owned development bank); all other federal roads concessionaires have been awarded loans from the BNDES. In November 2014, Concepa was awarded a US$ 89.3 million (BRL 210 million) term-loan arranged by the banks BTG Pactual and Santander. The investments undertaken by CONCEPA, year by year were: 1998 – US$ 30.6 million (R$ 37 million) 1999 – US$ 18.6 million (R$ 33.7 million) 2000 – US$ 10.2 million (R$ 20 million) 2001 - US$ 13.7 million (R$ 30.6 million ) 2002 – US$ 5.4 million (R$ 19 million) 2003 - US$ 6.9 million (R$20.9 million)