Sao Paulo metro line closes 1.3bn financing

The Orange Metro Line 6 has closed a $1.3 billion non-recourse financing to fund construction of the greenfield underground metro line in the city of Sao Paulo, Brazil. The 15.3km project is sponsored by Acciona, Societe Generale, STOA and Transdev via SPV Concessionaria Linha Universidade, and is...