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Article: Brazil: World Bank Approves $95 Million Additional Financing for the So Paulo Metro.
- Article from:
- M2 Presswire
- Article date:
- April 9, 2008
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M2 PRESSWIRE-9 April 2008-WORLD BANK GROUP: Brazil: World Bank Approves $95 Million Additional Financing for the So Paulo Metro(C)1994-2008 M2 COMMUNICATIONS LTD
RDATE:08042008
WASHINGTON -- The World Bank today approved a $95 million additional financing to the State of So Paulo, Brazil, in support of the So Paulo Metro Line 4 Project.
"The Line 4 Metro Project is a pioneering public-private partnership in urban transport. It started a trend for private sector investments in the urban transport sector," said John Briscoe, World bank Director for Brazil. "This frees the State to invest in other priority areas not as attractive to private ...