Metrô de São Paulo and Constran signed a USD 119 million (BRL 494.8 million) contract for the resumption of civil works on the Line 17-Gold monorail project.
Currently, the construction works are 86% completed, and Constran will be responsible for the completion of eight stations: Água Espraiada, Congonhas Airport, Jardim Aeroporto, Brooklin Paulista, Vereador José Diniz, Campo Belo, Vila Cordeiro and Chucri Zaidan.
The eight stations are linked by a 7.7 km line, from Congonhas Airport to Morumbi station, with a connection to the Line 5, at Campo Belo station.
Metrô de São together with Constran will discuss the schedule of the works.
Previously, the project was awarded to Monorail Railroad Consortium (CMI) whose agreement was unilaterally terminated by São Paulo Metro, following continuously delays and the slow-down of the works’ execution. The problems determined São Paulo Metro to apply fines to CMI valuated at BRL 88 million (USD 21.14 million).
The metro company says that the contract for taking over the other contracts previously signed with CMI, which includes train delivery and signaling systems deployment, is in the final bidding phase.
In October, the Development Bank of Latin America (CAF) signed a USD 296 million loan agreement for the construction of Line 17-Gold.