The structuring of the
concession will have the support from the Private Sector Participation
Promotion Program, a partnership of IFC, BNDES and IDB
São Paulo, September 30th, 2019 —The
State of São Paulo, through its Secretariat of Partnerships, signed a contract
with the International Finance Corporation (IFC) – a member of the World
Bank Group – to help structure and implement a concession to modernize
two operational lines of its metropolitan rail system currently operated
by CPTM (Companhia Paulista de Trens Metropolitanos). The project will
help modernize and raise the standard of service quality to nearly 1 million
users per day.
As one of the largest metropolitan areas
of the Americas with 45 million inhabitants, the State of São Paulo seeks
to continuously find ways to improve its public transportation network.
The suburban railway system is especially important because it is responsible
for transporting passengers who commute longer-distances as they live far
away from areas where most employment opportunities are located. In addition,
the improvement of quality and efficiency of its public urban transportation,
with a potential increase in the number of users and trips served, will
help São Paulo to have more efficient and less polluting transportation
modes. A higher usage of public transport in a city can have direct effects
on the air quality, especially with the adoption of renewable electric
modes of transport, bringing health benefits to the overall population.
IFC will carry out detailed studies and assist
the State of São Paulo in the structuring, promotion and bidding process
of a viable, bankable and competitive concession for the public railway
transportation services currently provided by CPTM in the existing lines
8 and 9. IFC will develop an agreement to help the São Paulo State partner
with a private company that will be responsible for the refurbishing of
all stations of Lines 8 and 9, including adaptations to follow universal
accessibility standards; for revamping and modernizing the network structure;
for improving the power supply systems, and for implementing a new operational
control center.
IFC is using its global experience in concessions
and infrastructure to bring best international practices and help make
this an internationally competitive and transparent process. Since 2016,
IFC has also been advising the Government of São Paulo on its road concession
program, which will eventually auction about 3,000 kilometers of highways.
This project is being carried out with the
support of the Private Sector Participation Promotion Program, a partnership
of IFC, the Brazilian Development Bank (BNDES), and the Inter-American
Development Bank (IDB), created in 2017 to support the implementation of
infrastructure projects in Brazil. The program aims to support the participation
of private sector as partner to governments – at the municipal, state
and federal levels –, by helping them to structure concession and public-private
partnerships projects in several infrastructure sectors, such as education,
health, highways, and airports.
About IFC
IFC—a sister organization of the World Bank
and member of the World Bank Group—is the largest global development institution
focused on the private sector in emerging markets. We work with more than
2,000 businesses worldwide, using our capital, expertise, and influence
to create markets and opportunities where they are needed most. In fiscal
year 2019, we delivered more than $19 billion in long-term financing for
developing countries, leveraging the power of the private sector to end
extreme poverty and boost shared prosperity. For more information, visit
www.ifc.org.
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