Rio Metro Authorized by Federal Government to Raise R$1.2 Billion from Investors

The project was considered a priority by the Ministry of Regional Development for investment in the Urban Mobility sector.

RIO DE JANEIRO, BRAZIL - The Rio de Janeiro Subway Concession was authorized by the Ministry of Regional Development (MDR) to raise funds in the financial market through debentures.

The ordinance approving the project guidelines proposed by the company as a priority was published on Wednesday, October 28th, in the Federal Gazette. Up to R$1.2 billion (US$210 million) may be invested by the private sector, which will benefit at least 900,000 passengers carried daily.

The initiatives include works to adjust circulation spaces, as well as special works (such as overpasses, elevated highways, etc.), permanent roads, including rails . . .

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