BNDES approves financing for Rio light rail PPP

Subscribe to our newsletter and get the latest news and business opportunities in your inbox
BNDES approves financing for Rio light rail PPP

The Brazilian Development Bank (BNDES) has approved a R$747 million (US$213.1 million) loan for the Centro-Porto light rail transit (LRT) PPP project in Rio de Janeiro.

The total project investment is estimated at R$1.77 billion (US$505 million). The federal government will provide R$500 million (US$142.6 million) for the project.

The project involves the construction, financing, operation and maintenance for a period of 25 years the new LTR. It includes the development of a 27.5 km system composed of 3 lines and 32 stops that will connect the downtown district to Porto Maravilha.

In June 2013 a consortium composed by Actua - CCR (24,4375%), Invepar (24,4375%), Odebrecht Transportes (24,4375%), Riopar Participações, (partner of Grupo CCR in CCR Barcas) (24,4375%), Benito Roggio Transporte (2%) and RATP do Brasil Operações (0,25%) signed the concession contract.

The new LRT system will have a total of 32 trains with seven cars each. It is expected to  carry up to 250,000 passengers per day, with services operating at headways ranging from 5 to 15 minutes.

Share this news

Join us

In order to get full access to News section, you must have a full subscription. You can check all the benefits of becoming a member and purchase a subscription on our membership page.