Shang Wu Bu Wang Zhan·2025-09-11 15:46Core Viewpoint - China Communications Construction Company (CCCC) has a stake in the Portuguese Mota-Engil Group, which won the bid for the Santos-Guarujá submerged tunnel project in Brazil, marking a significant infrastructure development in the region [1] Group 1: Project Details - The Santos-Guarujá submerged tunnel will be 1.5 kilometers long, with 870 meters underwater, utilizing submerged tube construction technology [1] - The project is expected to reduce travel time between Santos and Guarujá from one hour to approximately five minutes, benefiting around 2 million residents [1] - The total investment for the project is 6.8 billion Brazilian Reais, with funding through a Public-Private Partnership (PPP) model [1] Group 2: Financial and Operational Aspects - Of the total investment, 5.14 billion Reais will be covered by the federal and São Paulo state governments, while 1.66 billion Reais will be contributed by the winning company [1] - Construction is anticipated to start in 2026 and be completed by 2030, with an operational period of 30 years [1] Group 3: Competitive Landscape - Mota-Engil won the bid by offering a 0.5% discount, outperforming its only competitor, the Spanish Acciona Group, which submitted a zero-discount bid [1] - Key Brazilian officials, including the Vice President and various ministers, attended the bidding event, highlighting the project's significance [1]