Brazil’s planned tender of the rights to expand and operate the North-South railway between Tocantins and Sao Paulo states has drawn the interest of major operators from countries including Russia, China and Spain, Adalberto Santos Vasconcelos, special secretary running President Temer’s infrastructure investment program, revealed. The auction is scheduled for the second half of this year.
The government may also grant the winner of a concession for the Ferrogrão railway project in northern Brazil exclusive rights to operate along those rails to compensate for roughly 12 billion reais (USD 4 billion) in needed investments, he added.
The upcoming rail auctions are part of the government’s efforts to raise private investment for infrastructure projects to boost a recovery from Brazil’s recession.
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