Article: Brazil : Sao Paulo signs US$362mn loan agreements with IDB.

Byline: pinto03

Sao Paulo governor Jose Serra has signed two loan agreements with IDB totaling US$362mn for transport projects, the state government reported in a release.

The funds will be invested in the state's metropolitan transport company CPTM, metro company CMSP and the state's rural road rehabilitation program, Pro-Vicinais.

The state government is contributing another US$178mn, bringing the total investment up to US$540mn.

In June, the governor was authorized by finance minister Guido Mantega to extend the state debt limit to 1.38bn reais (US$751mn).

PROJECTS

Some US$168mn will be used to purchase metro ...

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