WB Approves Additional Rail Loan for Brazil

26 September 2010 (Last Updated September 26th, 2010 18:30)

The World Bank has approved an additional loan for a rail and signalling project in the Brazilian state of São Paulo. The funds, worth $112.91m, will be used to buy nine trains and complementary equipment required to strengthen the urban rail network and increase passenger capacity on th

The World Bank has approved an additional loan for a rail and signalling project in the Brazilian state of São Paulo.

The funds, worth $112.91m, will be used to buy nine trains and complementary equipment required to strengthen the urban rail network and increase passenger capacity on the city's Line 11.

Line 11 connects the eastern part of the city with downtown São Paulo, which carries more than eight passengers per square metre during rush hour.

The project also includes financing for studies aimed at developing a strategy to reduce the system's climate footprint.

The agreement has been signed with the São Paulo Metropolitan Railroad Company, which estimates that Line 11's daily passenger capacity will increase from 438,000 in 2008 to 560,000 in 2012.