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
-
CAF secures $453m maintenance contracts in UK and Colombia
9 May 2025
-
Scatec starts work on $590m solar and battery project
9 May 2025
-
Oman signed $564mn deal with Chinese firm to set up solar plant
9 May 2025
-
Spain commits €340 million to Casablanca desalination plant
9 May 2025
-
Rosatom suing Finnish companies for $2.8bn over terminated nuclear plant contract
7 May 2025
-
Egypt Signs $120 Million Deal for KIZAD East Port Said project
7 May 2025