Brazillian consortium signs Porto Maravilha light rail PPP contract
This article is part of a daily series of MegaProjects articles. If you want to know more about PPP projects with a considerable size visit our MegaProjects section. You can receive them by email on a daily basis.A consortium composed by Actua - CCR (24,4375%), Invepar (24,4375%), OTP - Odebrecht Transportes (24,4375%), Riopar Participações, (partner of Grupo CCR in CCR Barcas) (24,4375%), Benito Roggio Transporte (2%) and RATP do Brasil Operações (0,25%) signed last Friday the Rio de Janeiro light train PPP contract.
The port light rail train forms part of Brazilian government's plan to transform Rio de Janeiro's historic center and port area in time for the 2016 summer Olympic games.
Rio light train mapThe consortium will be responsible for the construction, operation and maintenance of the project including the rolling stock during a period of 25 years.
The federal government will provide R$500 million for the project, known as VLT, through its Growth Acceleration Program (PAC), and the remainder will be financed through the public-private partnership.
The tender process was finished on April 26th, 2013 and the consortium was the sole bidder, offering 1.6 billion reais ($800 million).
Alstom will supply a fleet of Citadis low-floor LRVs for the project.
PPP contract to design, build, operate, and maintain the 28km light rail network in Porto Maravilha, Rio de Janeiro. The 42-station station network is expected to carry up to 250,000 passengers per day, with services operating at headways ranging from 5 to 15 minutes. The first two lines are scheduled to open next year with the remaining four due for completion in 2016. The VLT will have six lines.
Source: Porto Maravilha
