Brazil’s National Bank for Economic and Social Development (BNDES) has agreed a R $1.96 billion financing agreement to fast track the expansion of Sao Paulo Metro’s Line 5.
Governor Geraldo Alckmin signed the agreement in Rio de Janeiro on December 27.
Alckmin said: “Our goal is to expand the subway network. [A] larger Line 5-Lilac is important because it is integrated with other line[s], which will give a great synergy to public transportation.”
Station construction and tunnelling works are currently underway, with some sections already operational.
The expansion will also include the building of a maintenance yard and the purchase of 26 new trains.
