History

EcoRodovias starts its history in 1997 with Primav Construções e Comércio Ltda, of the CR Almeida Group, a company with 50 years of operation in the heavy construction sector, responsible for important infrastructure projects in Brazil. As of 1998, a strategic partnership was forged with the European company Impregilo International N.V., of the Impregilo S.p.A Group, Italy’s largest privately-held construction company, first in Ecovias dos Imigrantes, and, in 2002, in EcoRodovias, through the purchase of equity interest. In 2013, Impregilo sold its interest in EcoRodovias.

In May 2016, Gruppo Gavio, became part of the group of controlling shareholders of EcoRodovias. Gruppo Gavio is one of the biggest infrastructure conglomerates in Italy, with more than 1,400 kilometers of highways under management.

Gruppo Gavio has an extremely aligned strategic vision with the Company and its shareholders, and its investment in Primav Infraestrutura will enable EcoRodovias and its subsidiaries, benefiting from a strategic long-term vision and commitment to the Brazilian infrastructure sector, particularly road concessions.

The company’s first experience, already focused on this strategy to operate in import and export corridors and important touristic stretches, took place in 1997, when the group began controlling Ecovia Caminho do Mar, a concessionaire that manages 137 kilometers of highways between the Paraná state capital and the Port of Paranaguá. In 1998, EcoRodovias was granted other two concessions: Ecovias dos Imigrantes, which operates the main connection between the São Paulo metropolitan region and the Port of Santos, the Cubatão Petrochemical Complex and the beaches on Baixada Santista; and Ecosul, the concessionaire that manages the Pelotas Highway Complex, in Rio Grande do Sul, with access to the Port of Rio Grande and the Rio Grande do Sul coast.

In 1999, the group took another major step towards consolidation in the infrastructure market with the beginning of the works for the construction of Imigrantes’ descending lane, a project that was at a standstill since the 1970’s and that Ecovias moved forward earlier than expected. Thanks to the modern environmental management technologies used, the project was considered a benchmark by the Inter American Development Bank (IDB) The new lane was delivered in December 2002.

The experience developed with the first concessions was decisive for the acquisition, in 2007, of Ecocataratas, the company that manages BR 277, from Guarapuava to Foz do Iguaçu, giving access to Mercosur and the tourist region of Foz do Iguaçu; and for winning the bid that entitled it to operate the Ayrton Senna/Carvalho Pinto corridor, in 2009, through Ecopistas, which connects São Paulo city to the Vale do Paraíba region, the north coast resorts and the Port of São Sebastião.

The listing of the Group in the Novo Mercado segment occurred in 2010, with its Initial Public Offering (IPO).

EcoRodovias began to operate the port area in 2012 with the acquisition of the former Tecondi Complex. In the following year, proceeding with the integration of the companies, the Complex changed its name to Ecoporto Santos.

In Espírito Santo, the Group began to operate ECO101 in 2013, in the BR-101 stretch connecting Rio de Janeiro to the intersection that gives access to Mucuri, in Bahia. In 2015, EcoRodovias had another great achievement: entering Rio de Janeiro through Ecoponte (Rio-Niterói Bridge), which manages the 13.2-km long stretch of the Presidente Costa e Silva Bridge and its access stretches, totaling 23.4 kilometers.

In 2016, the Company decided to disinvest its logistics business and focus on highway concessions, concluding the divestment of Elog South and Elog S.A. in 2016 and 2018, respectively. In 2018, Ecorodovias also won the bid and started to operate ECO135 in the state of Minas Gerais, an important long-distance highway corridor in Brazil that is part of the main interconnection route between the Southeast/South and North regions. The Company also signed an agreement for the acquisition of MGO, which is responsible for operating Highway BR-050 (GO/MG) on the 436.6 km stretch that begins at the intersection with Highway BR-040 in Cristalina (GO) and extends to the border of Minas Gerais and São Paulo states. The conclusion of this acquisition is subject to fulfillment of certain conditions precedent, which include prior approval from the National Ground Transportation Agency (“ANTT”).

In an auction held on September 27, 2019, Ecorodovias won and became responsible for managing the BR-364 and BR-365, the latest asset won by the EcoRodovias Group. Named Ecovias do Cerrado has a total length of 437 kilometers, consisting of 192.7 kilometers from BR 364 and 244.3 kilometers from BR-365. BR-365 connects Uberlândia, the main city of Triângulo Mineiro, with the border of Minas Gerais and Goiás, where it connects with BR-364. The extension of BR-364 goes from the city of Jataí (GO), until the junction with BR 365, near the border of the two states. The stretch is part of one of the most important routes for the flow of grains from the Midwest to the port of Santos. It is also an important route for supplying the southern region of Goiás and Minas Gerais, mainly with general cargo products, industry, building materials and food.

Nowadays, EcoRodovias is one of the main infrastructure companies in Brazil, with around 4.8 thousand employees, 11 highway concessions, and a port terminal, with operations in nine different states of Brazil, located in the main trade corridors in the South and Southeast regions.

 

Note:
(1) Pro-forma financial figures consolidated by Ecorodovias, considering only toll road assets (100%). Figures exclude construction revenues.