Project Details

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Results Chart for Delivery Method and Financing

Delivery Method

DBOM Partially Public Finance
# of Projects: 1
100% of the Results

Background informationProject Created: October 25, 2010

Project Name: Brazil Bullet Train
Year in Operation:
Sector: Transportation
Subsector: Rail, Transportation Terminal
Status: Project Definition / Programming
Type: New Facility
Description: Concession regime for implementation and operation of the High Speed rail (TAV - Trem de Alta Velocidade) to connect the cities of rio de Janeiro, Saopaulo, and Campinas. The bullet train is the most ambitious element of the Program to Accelerate Growth (PAC) in Brasil, and is estimated to be worth $20 billion US dollars. The planned route includes 90.9 km of tunnels and 103 km of bridges and viaducts.
Delivery Method as described in the country where it's located: Design Build Finance Operate Maintain
Is the project still active: Yes
Comments: 40 year concession to design, build, and run the bullet train over the 430 km (270 mile) route. Proposals will be ranked on the basis of the lowest fare proposed, with a maximum permitted price of US$ 0.28 per kilometer.

Project Locations

City: Rio de Janeiro
Country: Brazil, Federative Republic of

City: Sao Paulo
Country: Brazil, Federative Republic of

City: Campinas
Country: Brazil, Federative Republic of

Souces of Project Support (Non-monetary)

Checkbox Checked Access to Land: Provided by the govt.
Checkbox Checked Revenue Stream (Cash Flow) Protected Through Long Term Commitment(s) of Public Sponsor(s): Fares are the basis of contract award for the concession, and provide a protect long term cash flow stream available to the government to repay debt and fund long term O&M.

Souces of Project Support (Monetary)

Checkbox Checked

From Public (Government) Sources to Producers: 1.5 billion in seed funding from the Brazilian Federal Government, through a new state-run entity. 60% of the project costs will be financed through debt issued by the Brazilian Developkment Bank (BNDES), also controlled by the Brazilian govt.

Checkbox Checked

From Private Capital Markets Directly to Producers as Debt: Balance from private sector.

Project Delivery & Finance Method

Project Delivery:
All Public Finance. Public Sponsor contracts for initial design, and separately contracts for initial construction. Public Owner operates and maintains the resulting facility.
Is there an independant checking engineer? Yes
Project Finance Method: All or Partially By Public Sponsor

Procurement Approach

Project Component
Based Selection
Request for
Request for
for Bids

Term for Key Components & Forms of Contract

Project Component
Combined Term: Initial Design, Construction, O&M Period
As established by federal govt. 

Project Value (If and As Known)

Date of Estimated Project Value: July 1, 2010
Project Value
Hard Cost
Hard & Soft Costs
> $10 Billion US


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