This document summarizes the key features and impacts of the BR 116/324 road concession project in Brazil. The project involved the concession of 700 km of federal roads linking northeast and southeast Brazil. It was developed through a public-private partnership between IFC, BNDES and the Brazilian government. IFC contributed innovative best practices including an output-based contract with performance indicators, a variable concession term, a new financial equilibrium protection clause, and removal of barriers to competition to attract international bidders. The project is estimated to generate over $1.4 billion in investments and economic benefits through improved infrastructure, safety, and reduced transportation costs.