Good afternoon, ladies and gentlemen. You're welcome to Energiza's S. A. Conference for the transmission auction carried out on December 17, 2020. We also informed that the Celli conference is going to be held in Portuguese by the company's manager, and the conference in English is going to be done by simultaneous translation.
Before moving on, I'd like to clarify the event of declarations made during the teleconference regarding the business perspectives of the company, projections and operational goals and financial goals are based on beliefs of Energizes and also on information currently available for the company. This is not a guarantee of performance, and they involve risks and premises and refer to future businesses that may or not take place. Investors should understand that overall economic conditions of the industry and other operational factors may have an impact on the company's performance, I'm sorry, and affect future outcomes. I now turn over to Mauricio Botelho, who will make the presentation. Please, Mr.
Mauricio, proceed. Thank you, operators. Good afternoon, ladies and gentlemen. I am pleased to present to you the results of yesterday's auction. Here in this call, we have Gabriel Musi, our Transformation Director also, Tava, our Corporate Finance Director and we also have our Investor Relations team, Deborah Nunez and Pablo Teixeira.
As I mentioned, I'm going to divide or to share the presentation with Gabriel. I turn over to him to kick off the presentation. Thank you, Maurizio. Good afternoon, everyone. I'm going to talk a little bit about Energizer's auction.
We always look for assets with good performance. And we also have assets with anticipated projects. Our position is always conservative. I will talk a little bit about the map here. In orange, we have the operational lots that were obtained in the state of Para.
And then we have the 2 lots in construction, number 19 and 18, whose construction is more advanced. Now regarding Lot 11, which was acquired yesterday, it has some environmental complexity. We have new installations, but the environmental complexity is low. Yesterday, we won Block 11 with some assets which will improve our transmission in the metropolitan region of Manaus in the state of Amazon. And will lead us into a more differentiated position.
And moving on to Slide 4, I'm going to talk a little bit more about these assets. We obtained existing assets with new installations planned. We acquired 7 substations, which are sector assigned to AMDT. And we have the Manao substations. We will replace some existing assets in the Manao substation.
We will replace the 69 kV yard in a ring arrangement. And the transmission lines are short. We have Teleguaga and also the transmission lines that are associated, all of them are short stretches. 1 of them is 3 kilometers underground. They are not long lines.
They are short. So even though the asset is in the Amazon, it's not a high complexity asset. Regarding the existing assets, we have about BRL 228,000,000 until the month before the contract is signed. The contracts for June and the month before the signature of the contract. This amount is part of the total assets.
We're going to operate these assets. We have operational excellence. We have regional maintenance teams. Before the auction, we planned everything with the team, and we're now going to plan the alignment so that we can have a smooth transition. Furthermore, in terms of CapEx, we have some investments for the exchange of equipment.
I'm going to turn over to Mauricio for Slide 5. So we're now in Slide 5. We have 4 projects. They are for the previous auction, 2 of them in Energia Goyaizum and Para 1 in 2020. The term is for 12 to 6 months, and then we have yesterday's block, an investment of BRL 3 82,000,000 and the RAF was BRL 66,000,000.
In this project, we have a tax benefit for the Sudan region. We can also obtain funding using fermenting banks. And in special, we have the support for the existing projects. In average, we have an anticipation between 12 to 18 months, including the revitalization of some existing projects. The consolidated ARF is going to be of approximately BRL 2.82 1,000,000 and we are now going to move on to Slide 6.
We're going to document some of the premises For strategic reasons, we're not going to inform the return rate, but we have negotiated with good providers. We try to obtain return rates that are equivalent according to the moment and according to previous auctions. Our CapEx will have a reduction in the order of 15%. We're also going to try to obtain a rate benefit. The payment schedule or the CapEx schedule for 2021 is 40%.
And then in 2024, it's going to be 26%. The EPC provider is Equinor Brazil. They construct lines, substations, wind farms and develop gas projects as well. The contract with APC anticipates bonuses, and it also establishes full guarantees in case of delays. Now regarding funding, as mentioned before, we will try to obtain financing along with Obaza and perhaps BNDES.
Typically, these projects in Fomenting Banks anticipate a leverage of 60%. But as done in other projects in other transmission projects, we can complete this leverage by means of the holding and Energiza transmission holding, reaching a level of 90% as done with prior projects. And this is in Slide 7. You can see the conditions for the funding that have already been achieved for existing projects. So you can have an idea of how these financing works.
We're trying to obtain equal or better rates. And now in Slide 8, we have an update of the existing projects. In this slide, you can see the evolution of the Para 2 events and tokentins transmission. In Para 2, we have a physical progress of 55%. And for tokentins, we have a physical progress of 12%.
In tokentins, the lines are installed, and so we will intensify this in the upcoming months. And as mentioned before, after concluding this project, we have 5 assets totaling 1500 kilometers with 4 1,900 Megawatts MVA, I'm sorry, and a RAS of 258 1,000,000 in updated amounts. So total CapEx of the 5 projects will total BRL 2,500,000,000, of which BRL 7 90,000,000 have already been invested. And of this, BRL 72,000,000 in the Goyas and Para projects. I wrap up my presentation and am available for Q and A.
Operator, please? Thank you. We're now going to start our Q and A session. Our first question is from Andres Sampayo, Santander. Good afternoon.
I wanted to ask a question regarding the tax benefits. I wanted to understand what the strategy is and also what the deadline is going to be because there is a possibility that the RAF will go from a minimum level. And I would like you to explain why you chose this strategy to start with. Tova, can you answer this question, please? Of course.
So far, your sound is very low. I thank you for the question. Our strategy regarding the funding as something that we have discussed, based on other operations, we have an expectation that we will be able to multiply the structures that have been used for Para 1 and 2, we are already concluding negotiations so that we can receive the funding for tocontins. The idea is for us to multiply this model. They were approved for Block 11, which has a special characteristic as mentioned by Gabriel.
There is a significant investment in the beginning, especially for the assets that are transferred to the concession. And of course, we will try to obtain a short term line so that we can make the payments because of this transfer of assets and also so that we have enough time to organize this long term funding. And then once the BASA is released, the idea will be to pay this. And we think that the bridge is going to be basically an operation with energies at risk, a smooth operation that we have been discussing with some of the banks that could support us. And then the bridge would allow us to have enough time so that we can organize this structure.
And therefore, this first release would include this bridge, which is very important for us to make this first payment so that the transfer of assets is enabled. Now regarding the tax benefit from Sudan, we will use the same rationale that was used for our tocontins line in Bahia. And so in fact, we do not have any innovation as commented by Mauricio. This is a less complex lot. In terms of licensing, we have overcome problems.
We do not have any main challenge. And so our expectation is to be able to conduct this with a leverage of about 90%, which is our target. And this is something that was done for some of the last ones. And therefore, the challenge seems to be very similar. And we already have the required experience so that we can have the restructuring of Block 11.
Since we do not have any further questions, I turn over to Mr. Mauricio for his final considerations. Please, Mr. Mauricio, proceed. Thank you all for your participation in this conference call.
This is a winning project of Energiza. We believe that we have sustainable growth for transmission, and therefore, we hope to add another important diversification for Energizes Group. I thank you all. Good afternoon. Thank you.
Energizes teleconference is now over. Please