Watch Live

Tweet TWEET

Brazil to Retake Some Railroad Concessions, Passos Tells Folha

Brazil will take back some railroad concessions to auction them under the country’s infrastructure plan to build 10,000 kilometers (6,215 miles) of railways, Folha de S.Paulo said, citing Transport Minister Paulo Sergio Passos.

The companies have already agreed with the government to return the concessions, Folha said, citing the minister. Brazil will take steps to ensure the companies don’t incur any losses in returning the railways, according to the newspaper.

To contact the reporter on this story: Francisco Marcelino in Sao Paulo at mdeoliveira@bloomberg.net

To contact the editor responsible for this story: Karen Eeuwens at keeuwens@bloomberg.net

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.