Brazil’s transport ministry has approved a plan from Vale to carry out BRL 10.7 Billion (EUR 3.4 Billion).
The project falls under the country’s northern region logistics program and will facilitate transport of production from Vale’s Carajás Serra Sul iron ore project starting in 2015.
Civil works will take place along Pará state’s Sudeste railway network, connecting Carajás Serra Sul to the Carajás railway, which links to the Ponta da Madeira logistics terminal in neighbouring Maranhão state.
Source: www.bnamericas.com
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