The Brazilian Development Bank, BNDES, has approved public funding for the development of the São Paulo Metro Orange Line 6.
The total investment of the project is estimated at Rs11.4 billion (US$5.1 billion).
BNDES will provide Rs4âˆ™47 billion to the São Paulo state government, which represents 39âˆ™2% of the cost of building the metro line. The state government is providing 13âˆ™9% from its own resources, with the remaining 46âˆ™9% to be met by the consortium 'Move São Paulo', formed by Odebrecht, Queiroz Galvão, UTC Participações and Eco Realty Fundo de Investimentos.
The consortium 'Move São Paulo' was the only bidder for the project. It was selected as the preferred bidder in early November 2013. The concession contract involves the construction, operation and maintenance of São Paulo metro Line 6 until April 2039.
Due for completion over the next six years, the 13âˆ™3 km route would run from Brasilândia to São Joaquim, serving a total of 15 stations and operated with a fleet of 20 trainsets. It will link Brasilândia with São Joaquim on Line 1. It is considered one of the most difficult metro lines to build because of the need to tunnel beneath the Tietê River at a depth of more than 60m.
The object of the Public-Private Partnership for Line 6 involves: