Alberto Goldman, Governor of the State of São Paulo, departed today (11) to Japan, so as to sign loan agreement for the second phase of the deployment of Metro Line 4 – Yellow, which is included in the Metropolitan Transport Expansion Plan for São Paulo. The agreement will be signed with JBIC (Japan Bank for International Cooperation) and a consortium of Japanese banks, mediated by Sumitomo Mitsui Banking Corporation (SMBC) as financial agent.
The operation between the State government and JBIC is amounts to US$ 130 million (R$ 226.35 million). These funds were contracted with Grace period of 5 years and 7 years for amortization. The loan shall be added to the financing achieved with Bird (International Bank for Reconstruction and Development), with the same value, which loan agreement was signed on September 27th, 2010, and is also the counterpart of the State Treasury, and investments to be made by the own concessionaire.
The total estimated cost for deploying the second phase of Line 4 – Yellow is US$ 910 million (R$ 1.58 billion). The amount shall be used to complement São Paulo-Morumbi, Fradique Coutinho, Oscar Freire and Higienópolis-Mackenzie stations, for the construction of Vila Sônia Station, acquisition of 15 new trains, additional 1.5-km extension of the track and installation of power supply systems.
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