Way-306 consortium wins highway auction in Mato Grosso do Sul

MS-306 Highway will be managed by consortium that will invest BRL 932 million in infrastructure improvement works over the next 30 years

Sao Paulo, 12 December 2019 -- The Way-306 Consortium formed by the companies GLP, Engenharia e Comércio Bandeirantes, TCL, Senpar and TORC, have won the MS-306 highway auction with a bid of BRL 605.3 million (USD 146 million) to develop, operate and maintain 220 kilometers of highway in the Brasilian state of Mato Grosso do Sul over the next 30 years.

The MS-306 is a key national transportation route especially for agricultural businesses towards the southeast ports in Brazil. The consortium expects to invest BRL 932 million in infrastructure improvement works over the concession period. 

The MS-306 concession marks the entry of GLP, the global investment manager specializing in logistics, in the area of infrastructure investments in Brazil. This is the first investment in the highway segment made by the company, which has a team dedicated to prospecting and investing in infrastructure assets in the Brazilian market. Apart from creating synergies with GLP’s core logistics business, GLP sees great potential for the development of infrastructure investments in Brazil, which remains one of the most underserved logistics markets globally and is also one of the fastest-growing e-commerce markets in the world.

About GLP

GLP is a leading global investment manager and business builder in logistics, real estate, infrastructure, finance and related technologies. Our combined investing and operating expertise allows us to create value for our customers and investors. We operate across Brazil, China, Europe, India, Japan and the U.S. and have US$ 84 billion in assets under management in real estate and private equity funds. Learn more at glprop.com and glprop.com.br.