São Paulo monorail Line 18 concession signed
BRAZIL: Sole bidder ABC Integrado has been awarded a 25-year PPP concession to build, operate and maintain São Paulo monorail Line 18.
The consortium is made up of local firms Primav, Encalso and Cowan, as well as Benito Roggio Transportes from Argentina. It is to invest R$1·9bn in the R$4·2bn project, with the remainder coming from public funds. The concessionaire is to receive an annual concession payment of R$316m, 0·27% below the R$317m ceiling in the tender documents.
The 15 km Line 18 with 13 stations would link São Paulo with the neighbouring ABC Region. Construction is due for completion in 2018.