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
-
Mozambique Grants Zambia Land for Dry Port Project in Nacala
2 July 2025
-
Madagascar signs deal to develop 50 MW of solar with 25 MWh of storage
2 July 2025
-
Globeleq’s Red Sands battery energy storage project reaches financial close
2 July 2025
-
ZHA wins with design for new Vilnius airport terminal
1 July 2025
-
EBRD supports Egypt with first private-to-private electricity contracts
1 July 2025
-
Budapest to get its first airport rail link
30 June 2025