World Bank Funds Brazil Metro

25 April 2010 (Last Updated April 25th, 2010 18:30)

Brazil will receive a $650m loan from the World Bank for its Sao Paulo Metro Line 5 project. The project involves the expansion of rail-based passenger transport and the extension of the 11.7km Line 5. The move is expected to provide safer, faster and more reliable public transpo

Brazil will receive a $650m loan from the World Bank for its Sao Paulo Metro Line 5 project.

The project involves the expansion of rail-based passenger transport and the extension of the 11.7km Line 5.

The move is expected to provide safer, faster and more reliable public transportation for the city, according to worldbank.org.

The bank is expected to fund the purchase and installation of train and signalling equipment, and finance the acquisition of platform screen doors for stations on the line.