News / MegaProject 905: Sao Paulo launches a US$667 million housing PPP

MegaProject 905: Sao Paulo launches a US$667 million housing PPP

🕔 April 10, 2017
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Sao Paulo has launched a tender process to develop a US$691.8m social housing project which involves building more than 10,000 affordable homes in the state’s capital city.

The Fazenda Albor social PPP project comprises the construction and management of 13,100 homes in the cities of Guarulhos, Arujá and Itaquaquecetuba, in Sao Paulo. The project will be implemented in an area of ​​2.8 million m².

The concessionaire will invest approximately BRL2.1 billion (US$667 million) in the project, which has a concession period of 25 years.

The project also includes the development of kindergartens, schools, medical centers and community centers.

In July 2016, the State started the public consultation process to carry out the project. In October 2015, we reported that São Paulo authorized a total of eight consultants to participate in the advisory tender process for the project. The Expression of Interest (EOI) for the consultant services was launched in August 2015.

Among the authorized groups were: MRV Engenharia e Participações S.A., Andrade Gutierrez, and the Instituto de Urbanismo e Estudos para a Metrópole (URBEM).

Guarulhos is the second most populous city in the Brazilian state of São Paulo, the 13th most populous city in Brazil, and the 53rd most populous on the continent, with 1.32 million inhabitants. It is part of the Metropolitan Region of São Paulo.

The project is the second housing initiative of the State of São Paulo, which in 2015 celebrated the PPP of Casa Paulista.

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