The World Bank approved today (4) a US$ 130 million loan for the state of Sao Paulo, referred to the second phase of Line 4 of Sao Paulo’s Metro.
According to the announcement made by the company, the project searches increasing the service quality, connecting important areas of the city to the mass transit network and reduce time travelling.
For such thing, the project will construct a new station with a 1.5 km access tunnel, will complete another four stations, and promote the integration between the Metro and other types of transport in the region.
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When the second phase concludes by 2013, Line 4 must increase the number of passengers for the Metro on at least one million people per day, reaching 4.8 million passengers.
By the end of 2010, when the first phase should be operating with its six firsts stations, Line 4 will transport around 700 thousand passengers.
According to the statement, this flexible loan of US$ 130 million from World Bank, with an option of a variable spread linked to compromise and all other options of conversion would be refundable in 30 years, with a grace period of five years.
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