VINCI Highways has finalised the acquisition of its first highway concessions in Brazil. The firm has now acquired 55% of Entrevias, which holds the concessions for two toll highway sections in São Paulo State until 2047.
VINCI Highways is a VINCI Concessions subsidiary and bought the 55% stake in Entrevias from Patria, a Brazilian fund.
These two highway sections span a total of 570km across São Paulo State, linking it to Minas Geiras State to the north and Paraná State to the south. Together, the three states account for over 40% of Brazil's GDP.
In Q1 2023, Entrevias' network recorded 8.3 million transactions, 10% more than in Q1 2022 and 8% more than in Q1 2019. The works to increase capacity on the southern section, which involve widening 210km from one-lane dual carriageway to two-lane dual carriageway, are expected to be completed by the end of 2025 and support traffic growth.
With this first highway concession in Brazil, VINCI Concessions is growing its operation in Latin America's largest economy.
