Santos-Guarujá Tunnel

Portugal's Mota-Engil and China's CCCC, part of the winning consortium for the Santos-Guarujá tunnel, are staying silent amid a dispute between the federal and São Paulo state governments over project ownership. The companies await an agreement between the Lula and Tarcísio de Freitas administrations before construction begins in 2027. On Monday, representatives from both governments attended a signing ceremony for a R$ 2.57 billion loan from Banco do Brasil.