The Government of Sao Paulo decided to cancel Metro Line 18-Bronze PPP project. In its place, a BRT bus corridor will be built that will practically follow the same monorail route, except for the stretch that would be on Avenida Faria Lima. This is the first time in the history of the state of Sao Paulo that a subway line is canceled and replaced by buses after being tendered and contracted.
Country updates
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June 24, 2019
Odebrecht files for bankruptcy
Brazilian conglomerate Odebrecht SA has filed for bankruptcy protection in Sao Paulo court to restructure is BRL51 billion (US$13 billion) corporate debt. The bankruptcy protection wo...
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June 18, 2019
Petrobras closes the sale of Transportadora Associada de Gás
Petrobras has completed the sale of its 90% stake in the Transportadora Associada de Gás S.A. (TAG) to the group formed by ENGIE and the Canadian fund Caisse de Dépôt et Placement...
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June 17, 2019
USD 1bn highway concession auction in Brazil
The National Land Transport Agency (ANTT) has published a notice for the concession auction of BR-364 and BR-365 highways in the Official Federal Gazette. The auction will take place on September 18 o...
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May 30, 2019
GS Inima to lead industrial water treatment sector in Brazil
GS Inima Environment communicated the signing of the QPA (Quota Purchase Agreement) with BRK Ambiental for the acquisition of 82.76% of the shares of the Investment Fund in Multistrategy Participation...
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May 27, 2019
Sterlite Power signs concession deal for the Pampa Project in Rio Grande do Sul
Sterlite Power has signed the Concession Agreement for batch 13 that the company has won during auction No. 04/2018. The agreement was finalized during the first technical management meeting...
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