The Development Bank of Latin America (CAF) and the state of São Paulo signed a USD 296 million agreement for the metro Line 17-Ouro construction, part of the city’s monorail system.
Structured into four components, the loan will cover the construction works, operating systems, management and the procurement of new rolling stock.
In July, São Paulo Metro published a tender for signalling system, electrification and other electrical and mechanical systems, civil works, including the procurement of 14 new trains.
The 7.7 km monorail line served by 8 stations will link Congonhas airport with Morumbi station, on Paulista Metropolitan Trains Company Line 9, proving metro transport connections.
“The authorization of this loan shows that our government is committed to the resumption and delivery of priority works to citizens, including line 17-Ouro. This value will accelerate the improvement of urban mobility for the people of São Paulo,” said Metropolitan Transport Secretary Alexandre Baldy.