Triangulo Mineiro Road System Lot 1

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"This project involves the rehabilitation, modernization and expansion of Lot 1 of the Triângulo Mineiro Road System, located in the state of Minas Gerais, Brazil. The EPR Triângulo, a company of the EPR Group, a joint venture between the Equipav Group and the asset management company Perfin Infr, won a 30-year concession for this road infrastructure system back in August 2022. The total length of Lot 1 is 627.4km. This initiative is expected to generate more than 800 direct and indirect jobs in the region and it aims at improving traffic flow and ensuring user safety. The total amount to be invested in Lot 1 of Triângulo Mineiro Road System is $1062m (R$5.9bn) while the sponsor secured a $236m (R$1.3bn) through an issuance of incentivized debentures. The National Bank for Economic and Social Development of Brazil (BNDES) provided a BRL 187 million (USD 34 million) guarantee to the sponsor. This guarantee supported the issuance of the incentivized debentures in a public offering coordinated by Bradesco BBI and Santander. The financial close date is September 16th, 2024. " https://agenciagov.ebc.com.br/noticias/202409/concessao-de-rodovias-em-mg-capta-r-3-bi-em-debentures-com-apoio-do-bndes ; https://www.infrapppworld.com/update/bndes-supports-investment-of-us-236-million-in-triangulo-mineiro-highway-complex-concession ; https://hubdeprojetos.bndes.gov.br/en/projetos/Minas-Gerais-Highways-Triangulo-Mineiro-e-Sul-de-Minas/74b6528c-b578-11ea-9bf9-0242ac11002b ; https://www.globaltradealert.org/intervention/139833/loan-guarantee/brazil-bndes-provides-guarantee-to-epr-tringulo-for-financing-concessions-in-the-tringulo-mineiro-highway ; https://www.bnamericas.com/en/features/epr-raises-over-us200mn-to-invest-in-minas-gerais-highway-works ; https://www.bnamericas.com/en/features/epr-raises-over-us200mn-to-invest-in-minas-gerais-highway-works