SP Government authorizes R$ 2.64 billion credit for Santos-Guarujá tunnel project
The São Paulo government has approved a R$ 2.64 billion supplementary credit for the construction of the Santos-Guarujá tunnel, a long-awaited infrastructure project in Brazil.
The government of São Paulo has officially authorized a supplementary credit of R$ 2.64 billion aimed at advancing the construction project for the Santos-Guarujá tunnel, an infrastructure endeavor considered one of the most significant in Brazil. This financial allocation was announced in the state’s Official Diary through a decree, underscoring the government’s commitment to enhancing public infrastructure. The tunnel, seen as a crucial development for the region, will significantly improve connectivity between the cities of Santos and Guarujá, which are vital economic hubs in the state.
The Santos-Guarujá tunnel represents Brazil’s first submerged tunnel, projected to cost around R$ 7 billion. This project has been a long-standing demand from the local population and aims to alleviate traffic congestion while providing a faster and safer transit route between the two cities, which are currently linked primarily through road transport. Approximately 870 meters of the tunnel will be submerged underwater, with the total length reaching about 1.5 kilometers, marking a significant engineering challenge and a milestone in Brazilian infrastructure.
The tunnel is being developed through a Public-Private Partnership (PPP) with the Portuguese company Mota-Engil, which won the bidding process for the construction. The funding structure includes R$ 5.2 billion from public sources, divided between the São Paulo state government and the federal government, while the remaining investment will be provided by the concessionaire. This innovative project is expected to create jobs, increase local investment, and facilitate economic growth in the region, thus having a far-reaching impact on the communities involved.