Brazil: CCR, a subsidiary of Brisa, finds funding for São Paulo metro

10 October 2008

Sao Paulo, Brazil, 10 Oct – Brazilian Companhia de Concessões Rodoviárias (CCR), a subsidiary of Portuguese highway concession company Brisa, this week found guaranteed funding of 368.7 million reais from the Inter-american Development Bank (IDB) to build line 4 of the São Paulo metro, according to online news site, Portugal Digital.

The IDB will loan the ViaQuatro consortium, made up of CCR, Japan’s Mitsui & Co and Portuguese bank Banif, 69.5 million reais, over a 15-year period.

The IDB will also provide a second loan in the amount of 59.5 million reais and another to the value of 240 million reais with a payback period of 12 years.

The syndicate funding the operation will be led by Banco Santander, Banco Espírito Santo, Southern Missouri Bancorp, KfW and Banco Bilbao Vizcaya Argentaria as well as having the involvement of Société Générale and WestLB (as coordinators).

Line 4 will be one of the main lines linking the southeast to the northeast of the São Paulo metropolitan área and linking residential districts to important shopping centres. (macauhub)