SP Metro definition

SP Metro means Companhia do Metropolitano de São Paulo - METRÔ, the Borrower’s subway transportation company;
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Examples of SP Metro in a sentence

  • Construction of, provision of equipment for, and operation and maintenance of the line of the SP Metro which will link the SP Metro’s Vila Sonia yard facility to the SP Metro’s Luz station (Line 4), consisting of about 12,800 meters of double underground track, 5 stations and 4 station shells, acquisition and installation of system-wide facilities (including fixed installations for electrification), and acquisition and operation of 16 train sets.

  • Provision of technical assistance for: (1) the management oversight and supervision of the carrying out of Part A of the Project; (2) the carrying out of a financial management and cost recovery review (including recommendations on tariff structure) of the SP Metro operations; and (3) for a follow-up project finance study on alternatives for private sector participation in the carrying out of Part A of the Project.

  • The Borrower, through STMSP, shall maintain and shall cause SP Metro to maintain a financial management system in accordance with the provisions of Section 5.09 of the General Conditions.

  • To this end, the Borrower shall cause SP Metro to carry out the Project, under the general coordination of STMSP, and in accordance with the provisions of Article V of the General Conditions and the provisions of the Subsidiary Agreement.

  • The Additional Events of Suspension consist of the following, namely that SP Metro has failed to comply with any of its obligations under the Subsidiary Agreement to an extent that, in the opinion of the Bank, would materially and adversely affect the achievement of the Project objective, and the Borrower has not taken measures to comply in full with said obligations.

  • Q2 Yes – at present the dominant carrier Telstra has significant information power by comparison to other carriers.

  • The implementing agency, SP Metro, has updated the project schedule and is implementing an action plan to address the delays.

  • These measures have improved the implementation of the Line 4 contract and helped resolve problems between the SP Metro and the consortium.

  • SP Metro has also recently confirmed that COMSA, the Spanish company on the consortium, has mobilized $26 million from a Spanish Bank (Banco Popular) to improve the project cash-flow.

  • A number of mitigation measures were implemented to strengthen and expedite contract implementation: SP Metro has made some personnel changes in December 2017; hired a specialized tunnel expert in January 2018 to help resolve technical issues; and appointed the independent conflict resolution board to manage contract disputes more efficiently.

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