Brazil Delays Bullet Train Auction to Aid Competition
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Brazil postponed the auction of a license to build and operate a high-speed train from December to April 29 to allow the most companies possible to participate.
The government made the decision to “increase the chance of having a more competitive process and have a stronger market and technological options,” Bernardo Figueiredo, head of the land transportation agency, or ANTT, told reporters today in Brasilia. The decision was made by both President Luiz Inacio Lula da Silva and President-elect Dilma Rousseff, he said.