Queiroz Galvão creates arm to compete for R$20 billion in concessions
Published in Valor Empresas on 23 September 2013
By Fábio Pupo and Ivo Ribeiro | From São Paulo
In view of infrastructure concession opportunities worth billions announced by the government, Queiroz Galvão, a group that started its operations in heavy construction, has decided to create a company dedicated to this sector. The Queiroz Galvão Infraestrutura – QG Infra, as its directors call it – will operate mainly in logistics, but also in energy and sanitation. The company's mission for the next five years is to build an investment portfolio of R$19.8 billion to be used in the coming decades.
Of the total amount to be achieved, R$3.8 billion were "inherited” from the group itself. It consists of five assets, including participation in Concessionária Rio-Teresópolis (CRT), the company that manages 142km of the Santos Dumont highway, in the state of Rio de Janeiro.
As part of this plan, which involves more than R$15.9 billion in new projects, the company made its first move on Wednesday, competing for the BR-050 highway. Its bid was considered aggressive: a discount of 34.57%. Of this amount, R$5.9 billion would be applied as equity and the remaining R$10 billion as financing. In logistics, airports, ports, highways, railways and mobility are being studied.