Brazil to Auction $44.5 Billion in New Railways in April, June
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The Brazilian government plans to auction 10,000 kilometers of new railways in April and June in an investment estimated at 91 billion reais ($44.5 billion), according to the top official at Brazil’s state planning company.
Vale SA, MRS Logistica and ALL America Latina Logistica are among companies that showed interest in operating the railways, Planning and Logistics Co. head Bernardo Figueiredo said in an interview in Brasilia. Auction rules will be published in March and May, he said.