USD706 million Contract awarded for Metro expansion PPP project in Brazil
30 March 2023
The governments of Brazil and the state of Minas Gerais have awarded the Comporte Participações consortium a concession to operate and maintain the Belo Horizonte Metro in Brazil.
Line 1, which will have 19 upgraded stations and run for 28.1 km from Belo Horizonte to Contagem, will be operated by Comporte. At Novo Eldorado in Contagem, a new station will be constructed. The obligation of completing the construction of Line 2, spanning 10.5 km from Calafate to Barreiro, including 7 stations, will fall on the concessionaire. The 1st segment of Line 2 is anticipated to begin operations in 2026, which will be the 4th year of the concession, and the entire route is scheduled to be finished by 2028.
The entire investment required during the 30-year duration of the concession agreement amounts to BRL3.7 billion (US$706 million), comprising BRL3.2 billion (US$610 million) in public funding, where BRL2.8 billion (US$534 million) will be provided by the federal government and BRL440 million (US$83 million) will be funded by the government of Minas Gerais state.
Related
-
Samsung C&T Japan Signs MOU with eREX for Collaboration on Renewable Energy Projects
15 October 2026
-
ENNA Geo completes acquisition of geothermal assets of IGeoPen in Croatia
15 October 2026
-
Vattenfall and Royal Vopak sign deal for Dutch battery storage project
15 October 2026
-
Consortium signs EPC contract for Rabigh 2 IPP expansion
14 October 2026
-
CIMIC Group's Sedgman awarded contract for Jervois Copper Project in Australia
14 October 2026
-
Sumitomo Acquires 49% of Hero Group's 500 MWp Solar-Wind Project with Storage
13 October 2026


京公网安备
11010802030424号
京ICP备19046776号-2