The Brazilian municipality of Sorocaba, through the Municipal Secretariat of Mobility, has launched the tender process for the Sorocaba Bus Rapid Transit (BTR) PPP project.
The project involves the development of a 35 km BRT system in the city. The project aims to benefit between 150,000 and 180,000 passengers.
The contract involves building, maintaining and operating the BRT along the city's north-south and east-west corridors for 20 years.
The total project investment is estimated at R$134 million(US$46.6 million). Remuneration throughout the 20-year PPP is expected to be more than R$2.1 billion (US$730.8 million).
Interested parties can have technical visits until 17 March 2015. They must submit their proposals on or before 24 March 2015.
The feasibility studies for the project have been developed by the local company Consor and the group composed by Ellenco, KPMG and Proficenter.
Sorocaba is a municipality in the state of São Paulo and it also is the eighth largest city in the state. With an estimated population of 700,313 inhabitants, it is a regional capital of the Sorocaba microregion with 14 municipalities, totaling over 1.5 million inhabitants. According to the national development bank BNDES, the São Paulo metropolitan region is expected to attract most urban mobility investments in the coming years.