The challenges of financing construction of underground railways in Latin America, estimated at US$70m-100mn per kilometer, opens up opportunities for less costly solutions, such as BRTs, which require about US$10mn/km.
Transmilenio in Bogotá holds the world record of carrying up to 47,000 passengers per hour, despite service problems stemming from a lack of funding.
BNamericas holds a database with over 500 infrastructure projects in Latin America, a region that according to multilateral banks should invest at least two percentage point of its GDP on infrastructure to close the gap. According to our database, the top 10 early-stage BRT projects in the region carry a total investment of almost US$9.5bn.
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All eyes are now on the BRT Transolímpica, a project to build a 23km express line linking the Rio de Janeiro neighborhoods of Barra da Tijuca and Deodoro, the two main hubs for the 2016 Olympics.
The project includes 18 stations and two terminals whose operation and maintenance will be subject to a 35-year concession. The system, which will operate with 86 articulated buses to serve about 95,000 passengers per day, includes the construction of a 1.53km tunnel and 48 bridges and viaducts. The final tunnel of the Transolímpica project was cleared through the Engenho Velho mountain on August 4.
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Construction works are expected to begin in 2Q16 for the project to build Paraguayan capital Asunción's first-ever bus rapid transit (BRT) system, known as Metrobús.
The studies will review the technical, socioeconomic, legal, and financial aspects of a line to service capital San José.
Bogotá's newly elected mayor, Enrique Peñalosa, wasted little time in addressing the chaotic situation of mobility and public transportation.
Brazilian city São Paulo has launched municipal bus concession tenders worth a total of approximately 70.5bn reais (US$18bn).
Chilean capital Santiago's integrated public transportation network, known as Transantiago, has been plagued by a plethora of operational difficulties.
Mexico must improve the performance and efficiency of its bus rapid transit (BRT) systems, according to local civil organization El Poder del Consumidor.
Approximately 69% of some 1,421 urban mobility and paving projects worth a total 37.7bn reais (US$9.29bn) under Brazil's growth acceleration plan.
Brazil's Bahia state urban development department (Sedur) will launch a call for bids on a 1.1bn-real (US$291mn) tender this month.