THE governor of the Brazilian state of São Paulo Mr Alberto Glodman has signed a $US 780 million financing agreement with the International Bank for Reconstruction and Development (IBRD) to help fund metro projects in São Paulo.
The funds include $US 650 million for the Line 5 expansion programme, which will be used to buy 26 new trains. The $US 2.5 billion project is also being supported by the Brazilian Development Bank ($US 432 million), the International Development Bank ($US 481 million) and the state treasury ($US 921 million).
The remaining $US 130 million will be used to complete Line 4 (pictured), the city's first fully-automated metro line, which when fully opened, will run for 12.8km between Luz and Villa Sônia. The initial 3.6km section between Faria Lima and Paulista opened in May.
http://www.railjournal.com/newsflash/s-o-paulo-governor-signs-metro-finance-deal.html
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