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Via Mobilidade Consortium to issue debentures, Brazil [free access]

April 8, 2020

Brazil’s Ministry of Regional Development has published an ordinance that allows Via Mobilidade Consortium to issue debentures for the development as well as the operation and maintenance (O&M) of São Paulo Metro Lines 5 and 17. Via Mobilidade is a consortium of Brazil-based Companhia de Concessões Rodoviárias (CCR) and RuasInvest. The consortium is expected to raise around BRL700 million via debentures.

 

São Paulo Metro Line 5 spans around 20 km and covers 17 stations. The line has been operational since April 2019.

 

São Paulo Metro Line 17 is an upcoming monorail line. It will span 17.7 km and cover 18 stations. So far, 86 per cent of the civil works of the priority section have been completed. The development of Line 17 is also being financed by Corporacion Andina de Fomento-Banco de Desarrollo de América Latina (CAF), the development bank of Latin America.

 

(1 BRL [Brazilian Real] = 0.19 USD)