BYD Salvador

inactive

The Skyrail Bahia project (the "Project") consists of the design, building and operation of a 23.28km, 26 station monorail line in Salvador de Bahia (Phase I and Phase II) under the terms of a 35-year Public Private Partnership. Phase I is 19.2 km double line from Ilha de Sao Joao station to Comercio station. Phase I has 21 stations with an average interval of 0.9km. Phase II goes from Porto São Joaquim station to Acesso Norte station, with a total length of 4.08 km and four stations.A consortium formed by BYD and Metrogreen won the public tender in May 2018 and was awarded the Project under a PPP Agreement signed on February 2019 with the Office of Urban Development (SEDUR) of the State Government of Bahia.The IDB Group will provide financing to pay for CAPEX and other project costs during construction (estimated at US$842 MM) through a US$240 MM loan with an up to 20-year door-to-door tenor.The Project will improve the level of regional public transport services, establish large capacity public transport corridors in Salvador, strengthen the links between the urban areas of Salvador and establish cultural tourism brand in Salvador.