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"Toronto’s Brookfield Infrastructure Partners LP is paving its way back into the Brazilian market with a $1.7-billion (U.S.) joint venture into toll highways that stretch some 3,200 kilometres in the South American country.

The announcement on Monday came a week after BIP announced a portfolio shuffle that saw further investments in Chilean toll roads, and signals Brookfield’s confidence in South American market growth.

BIP, whose parent company Brookfield Asset Management Inc. has a large team in Brazil, has been on the watch for opportunities to reinvest in Brazilian infrastructure at the right price, CEO Sam Pollock said in an interview.

“This is the best we’ve seen come along in a long time,” he said."

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