Brazil's PAC-Mobilidade agency, which invests in urban transport under Brazil's growth acceleration plan PAC, has earmarked 18bn reais (US$10.9bn) for improvements in the sector, according to a cities ministry release.
Of the total, 6bn reais will come directly from the federal budget, while the remaining 12bn reais will be financed.
The cities ministry will accept project submissions from 24 cities with more than 700,000 residents. The projects will directly benefit 39% of Brazil's population, according to the release.
Qualified work includes urban transportation projects such as bus rapid transit (BRT) systems, light rail transit (LRT) systems, urban trains and subways.
The project selection process opened on February 17 with the participation of planning minister Miriam Belchior and cities minister Mário Negromonte.