USD706 million Contract awarded for Metro expansion PPP project in Brazil
The governments of Brazil and the state of Minas Gerais have awarded the Comporte Participações consortium a concession to operate and maintain the Belo Horizonte Metro in Brazil.
Line 1, which will have 19 upgraded stations and run for 28.1 km from Belo Horizonte to Contagem, will be operated by Comporte. At Novo Eldorado in Contagem, a new station will be constructed. The obligation of completing the construction of Line 2, spanning 10.5 km from Calafate to Barreiro, including 7 stations, will fall on the concessionaire. The 1st segment of Line 2 is anticipated to begin operations in 2026, which will be the 4th year of the concession, and the entire route is scheduled to be finished by 2028.
The entire investment required during the 30-year duration of the concession agreement amounts to BRL3.7 billion (US$706 million), comprising BRL3.2 billion (US$610 million) in public funding, where BRL2.8 billion (US$534 million) will be provided by the federal government and BRL440 million (US$83 million) will be funded by the government of Minas Gerais state.
Country news
-
-
February 13, 2023
Agreement announced for 4G coverage on multimillion Highway project in Brazil
TIM Brasil and Ecovias do Araguaia, concessionaire of EcoRodovias, ASTM Group’s Brazilian subsidiary, announce a partnership to install 4G coverage along 850-km Goiás and Tocantins road in Brazil.
Read more -
January 26, 2023
Construction progresses for US$81.95 million bridge PPP project in Paraguay
The Ministry of Public Works and Communications (MOPC) of Paraguay has announced the construction progress of the Bioceánica bridge public-private partnership (PPP) project.
Read more -
January 24, 2023
Financing received for multimillion public school PPP project in Brazil
The National Bank for Economic and Social Development (BNDES) and the Vale Foundation have agreed to invest in the public basic education network in Pará, Brazil.
Read more -
November 02, 2022
Concession notice issued for multimillion Biodiversity Park in Brazil
The Chico Mendes Institute for Biodiversity Conservation (ICMBio) has issued a public service concession notice for the Chapada dos Guimarães National Park in Mato Grosso, Brazil.
Read more -
October 25, 2022
Brazil announced auction for multimillion Prison PPP project
The Banco Nacional de Desenvolvimento Econômico e Social (BNDES) has announced the auction for Prison public-private partnership (PPP) project in Blumenau, Brazil.
Read more
