The Government of Sao Paulo in Brazil and the Development Bank of Latin America, CAF, has signed a US$296 million loan agreement for the development of Line 17 - Ouro Metro railway project in the state.
The loan is structured in four main components: works, operating systems, rolling stock and management. When ready, the monorail will be 7.7 kilometers long and will connect Congonhas airport with Morumbi station. The stops are Congonhas, Brooklin Paulista, Garden Airport, Vereador José Diniz, Campo Belo, Vila Cordeiro, Chucri Zaidan, and Água Espraida.
In January 2018, the project was awarded to consortium comprises Grupo CCR (83.4%) and RuasInvest (16.6%).
Country updates
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October 08, 2019
Odebrecht wins PR-092 Highway duplication contract
Odebrecht Engenharia & Construção (OEC), a unit of Odebrecht, has been selected as the winner of the tender for the duplication of the BR-092 Highway project which connects...
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October 07, 2019
USD 1.13 bn highway concession awarded in Brazil
The Brazilian transportation company, Ecorodovias, has been awarded the concession of the BR-364/365 highway project after the auction held at the end of September.
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October 03, 2019
IFC to structure metro concession in Brazil
The State of São Paulo, through its Secretariat of Partnerships, signed a contract with the International Finance Corporation (IFC) – a member of the World Bank Group – to help stru...
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September 30, 2019
Sao Paulo launches Nossa Casa housing project
The State of São Paulo in Brazil has launched the first phase of its housing project called Nossa Casa. The first phase covers the construction and development of up to 26,735 housi...
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September 27, 2019
USD 1.17bn road auction in Brazil
Today The Ministry of Infrastructure and the National Land Transportation Agency (ANTT) of Brazil is holding the road auction on the São Paulo Stock Exchange (B3), which includes the 437-kilome...
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