GOL’s Family Family Company offered 2.57% discount and will invest R $ 14.3 BI; São Paulo government will allocate R $ 10 billion for modernization
The won the 11-Coral line auction, 12-Safira and 13-Jade da (Paulista Metropolitan Train Company) on Friday (28.mar.2025), held at (São Paulo Stock Exchange).
The company, managed by the family of Nenê Constantino, founder of, offered a 2.57% discount on the consideration that the São Paulo government must pay to the concessionaire. The maximum amount stipulated by the announcement was R $ 1.49 billion per year. With the desagio presented by the company, the government will pay a little less than this ceiling. This is the document (PDF – 753 kb).
The, who also participated in the dispute, offered a lower discount of 1.45%. As the difference between the proposals was greater than 20%, there was no new round of bids. Currently,, through, already manages the 8-Diamond and 9-Esmerald lines of the São Paulo Metropolitan Train Network.
According to the office partner, low discounts are justifiable because the metrophoferroviary sector depends on imported components, making it more exposed to currency and interest variations, which makes costs more expensive.
“Nevertheless, modeling was very well built to mitigate them. In addition, other typical risks of this type of project, such as demand variation, expropriations and licensing, were also well addressed in the project.”completed.
Investments and Modernization
The concession contract will last 25 years. The winning company should invest R $ 14.3 billion over this period. In addition, the São Paulo government will make a contribution of R $ 10 billion for modernization of CPTM lines passed on to private initiative.
Of this total, about R $ 2 billion will be destined to improve signaling systems. The goal is allow for higher trains speed and reduce intervals between shipments and landings.
Other state government investments include stations renovations, line expansion and modernization of air networks.
Here’s the spending of the São Paulo government:
- Systems: R $ 2,787,391,182
- Works: R $ 2,204,177,530
- Energy: R $ 917,921,949
- Maintenance Patios and Complexes: R $ 771,280,467
- Transposition, crossings and auxiliary vehicles: R $ 1,922,409.145
- Rolling material: R $ 80,802.510
- Expropriations: R $ 1,761,749,295
- Projects: R $ 510.807.935
- SIGNALING: R $ 1,869,469,233
- Total: R$ 10.038.618.065
