The National Bank for Economic and Social Development (BNDES) will finance the construction of the northern section of the Rodoanel, in São Paulo, with R$1.35 billion. The release of the resource was brought forward this Friday morning (2) by the President of the Republic, Luiz Inácio Lula da Silva (PT), during the announcement of the works on the Santos-Guarujá tunnel, on the coast of São Paulo.
The northern section of the Rodoanel (SP-21) is the last one left to complete the connection of the main highways that reach the state capital.
“What is important, Tarcísio, is to tell you that the BNDES approved R$1.35 billion for the state of São Paulo, for the northern section of the Rodoanel. Soon you will receive news from Aloizio Mercadante”, said Lula, addressing the governor of São Paulo, Tarcísio de Freitas (Republicans). Mercadante (PT) is the president of the state bank.
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The ceremony at the Port of Santos was marked by affection between the two politicians, despite Tarcísio being the political godson of former president Jair Bolsonaro (PL) and also named as a possible candidate for President in 2026 — when Lula is expected to seek re-election.
While Lula spoke about Tarcísio’s past in PT governments, someone in the audience shouted “Tarcísio, go back to PT!”, making everyone laugh. (see video below). The president then concluded: “I came here today to announce to Tarcísio that we are together. Who he will vote for is his problem. Who I vote for is my problem. But we are together, committed to serving the people of this state and the Brazilian people.”
Northern section of the Rodoanel
The investment of R$ 1.35 billion by BNDES is part of the public contribution that the state of São Paulo is responsible for in the public-private partnership (PPP) signed with the concessionaire Rodoanel Norte SPE SA The company is a specific purpose company (SPE) incorporated by Via Appia FIP Infraestrutura, winner of the concession auction for the northern section. The total participation of the São Paulo government in the works is R$1.5 billion.
Mercadante highlighted the importance of the highway project that surrounds the city of São Paulo: “The northern section of the Rodoanel is a priority project, which is even in the process of being included in the federal government’s New Growth Acceleration Program,” stated the president of BNDES citing the “New PAC”.
The project foresees a double lane separated by a median and full access control, maintaining the standard of the other sections (west, south and east, already in operation). It will have 19.7 km of roads in 4 lanes and another 26.1 km of roads in 3 lanes and characteristics for a speed of 120 km/h (the limit in other sections is 100 km/h).
The section will have 14 tunnels, totaling 12 km in length (about ¼ of the length of the highway) and 60 OAEs (special works of art). The PPP contract also provides for a series of interventions by the concessionaire to mitigate environmental impact, with 14 wildlife crossings and 46 boxes for dangerous products.
The estimate is that around 30 thousand trucks and 54 thousand cars will stop traveling along Marginal Tietê, per day, when the last section of the Rodoanel is ready. It will also reduce travel time between the Dutra (BR-116) and Fernão Dias (BR-381) highways by 21 minutes; in 26 minutes between Dutra and Bandeirantes (SP-348); and in 27 minutes between Dutra and Castello Branco (SP-280).
Privatization of Sabesp and Emae
Tarcísio also spoke, during the event in Santos, about the privatization of Emae (Empresa Metropolitana de Águas e Energia SA, successor to Light and Eletropaulo in the state) and Sabesp (SBSP3).
He said that the privatization of Emae (EMAE4) should take place in the first half of this year, but did not give a forecast for Sabesp (a considerably larger operation). “Emae, yes. Sabesp, let’s see”, the governor told the newspaper O Estado de S. Paulo, when asked if the operations would start in the first half of the year.
The sale of Emae, a water and energy company controlled by the state government, is seen as a test of the market’s appetite for Sabesp.
Considered one of the largest sanitation companies in the world in terms of population served (there are 28.4 million people supplied with water and 25.2 million people with sewage collection), Sabesp should be privatized through capitalization, along the same lines as Eletrobras (ELET3; ELET6) in the Bolsonaro government.
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