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%).