South Korea Aims to Offer Low Prices in Brazil Bullet Train Bid
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A group of 25 South Korean companies, including Samsung SDS Co., Hyundai Rotem Co. and LG CNS Co Ltd., will offer low ticket prices in a bid to build and operate a 511-kilometer (318-mile) high-speed train project in Brazil, a South Korean government official said.
The group plans to offer economy-class tickets for less than the maximum price of 199 reais ($112) set by the government for the $18.4 billion bullet train that will link the cities of Rio de Janeiro and Campinas via Sao Paulo, South Korean Ambassador to Brazil Kyonglin Choi said in an interview at his office in Brasilia on July 15.