Project Name: Pre-Feasibility Study for the Structuring of the East Axis TIC, South Axis TIC, Sorocaba LRT, and Campinas LRT Projects

Year: 2025 – Present

Location: São Paulo / SP

Client: Inter-American Development Bank (IDB / BID)

Main Project Features: Development of pre-feasibility studies for structuring public-private partnership (PPP) and concession projects in the rail transit sector across São Paulo State. The portfolio covers the East Axis Intercity Train (TIC Eixo Leste), South Axis Intercity Train (TIC Eixo Sul), Sorocaba Light Rail Transit (VLT Sorocaba), and Campinas Light Rail Transit (VLT Campinas), encompassing demand, technical-operational, socio-environmental, fiscal, land acquisition, legal-institutional, and financial perspectives.

Activities Performed:

• Fiscal & Market Diagnostics: Assessment of the public sector fiscal capacity and preliminary market diagnostics for potential private sector interest.
• Tariff Benchmarking: Comparative analysis and benchmarking of passenger rail tariffs across regional and urban transit systems.
• Preliminary Financial Modeling: Development of initial economic-financial valuation models to test project feasibility and government support requirements.
• Structuring Guidelines: Formulation of strategic guidelines and recommendations for future project structuring, risk allocation, and concession modeling.

Project Name: Project Structuring for the PPP or Concession of the Paraná LRT / Digital Urban Tram (Curitiba – São José dos Pinhais)

Year: 2024 – Present

Location: Curitiba / PR – São José dos Pinhais / PR

Client: National Bank for Economic and Social Development (BNDES)

Main Project Features: Project structuring for a concession or public-private partnership (PPP) to implement, operate, and maintain a rail-based public transit system managed by a private partner. The project replaces part of the existing BRT corridor in Curitiba and extends transit service to the Afonso Pena International Airport in São José dos Pinhais.

Activities Performed:

• Economic and Financial Assessment: Consolidation of investment (CAPEX) and operating cost (OPEX) estimates.
• Tariff Revenue Modeling: Demand projections and farebox revenue modeling.
• Economic-Financial Model Development: Building and calibrating the financial valuation and cash flow model.
• Scenario Simulation: Definition and evaluation of multi-scenario simulations for project optimization.
• Value for Money (VfM) Analysis: Execution of VfM assessment to support the chosen procurement route.
• Fiscal Diagnosis & Concession Structuring: Evaluation of the fiscal standing of the State of Paraná and formulation of the recommended PPP/concession model.

Project Name: Concession Project for the Public Mass Transit System of Curitiba’s Integrated Transport Network (RIT) with Electromobility

Year: 2024 – Present

Location: Curitiba / PR

Client: National Bank for Economic and Social Development (BNDES)

Main Project Features: Project structuring for the concession of public mass transit services, including the restructuring of mobility services across Curitiba’s Integrated Transport Network (RIT) and the implementation of a model for fleet electrification or another gradual zero-emission solution.

Activities Performed:

• Economic and Financial Assessment: Consolidation of cost and investment values (CAPEX/OPEX).
• Tariff Revenue Modeling: Forecasting and modeling of farebox revenue streams.
• Economic-Financial Model Development: Construction and refinement of the financial valuation model.
• Scenario Simulation: Definition and analysis of simulation scenarios for project decision-making.
• Value for Money (VfM) Analysis: Execution of VfM evaluation to optimize public sector value.
• Fiscal Diagnosis & Concession Structuring: Evaluation of the fiscal position of the Municipality of Curitiba and formulation of the recommended concession model structure.