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What will be the next major milestone in São Paulo's Novo PAC mobility projects by end of 2024?
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São Paulo•Tarcísio de Freitas•Ricardo Nunes•Novo PAC•Campinas•Lula•Brazil•Brazilian National Development Bank•BNDES
Resolution / Starting Odds
Metro expansion groundbreaking • 25%
Electric buses deployment • 25%
Viaduct complex construction start • 25%
Train connection planning completion • 25%
Official announcements from the São Paulo government or BNDES
Story
Lula Signs R$ 10.65 Billion BNDES Contracts for Novo PAC Mobility Projects, Including Metro Expansion and Electric Buses
Nov 29, 2024, 01:38 PM
Brazilian President Luiz Inácio Lula da Silva met with São Paulo Governor Tarcísio de Freitas and São Paulo Mayor Ricardo Nunes to sign contracts worth R$ 10.65 billion for urban mobility projects in the state. The agreements, which are part of the Novo PAC initiative, include plans for metro expansion, a new viaduct complex, a train connection between São Paulo and Campinas, and the introduction of electric buses. Lula emphasized the importance of economic policy in distributing opportunities to Brazil's 210 million citizens during a recent event focused on the industrial sector and Brazil's role in the global market. The Brazilian National Development Bank (BNDES) is providing the funding for these projects, which aim to enhance the infrastructure and mobility in São Paulo.
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