São Paulo’s state governor has signed a 20-year public transport operating contract, which includes the new VLT light rail system, with the BR Mobility Santos consortium.
The PPP operating contract is worth $5.6 billion (€1.63 billion) over the next 20 years.
A signing ceremony was held last week to coincide with the delivery of the first Brazilian-built VLT light rail vehicle for the project.
The Tremvia Santos consortium is supplying 22 new trams for the Santos light rail system.
A trial service has been operating since April with three pre-series trams which were manufactured in Spain.
The remaining trams are being built at Três Rios in the State of Rio de Janeiro, the last of which is expected to be delivered by March 2016.
