Brazil expects $7.5 billion investment in railways, including Vale’s

Tuesday, 08 September 2020 21:48:14 (GMT+3)   |   Sao Paulo
       

The Brazilian government expects the private sector to invest $7.5 billion (BRL 40 billion) in local railways, including Vale’s Carajas railway.

According to Tarcisio Freitas, minister of infrastructure, investments include the early renewal of existing railway concessions, such as Vale-owned Estrada de Ferro Vitoria-Minas as well as the company’s Carajas iron ore railway.

The investments are expected to improve logistics in Brazil, as much of it is still done using roads and trucks. Other major railway projects include Ferrograo, connecting Mato Grosso to Pará state, and a stretch of the Norte-Sul railway, connecting the port of Itaqui in Maranhao state to the port of Santos in Sao Paulo state.


Most Recent Related Articles

Vale hires Hidrovias do Brasil to transport 3.2 million mt of iron ore in 2021

Port of Itaguai ships 10.3 million mt of iron ore in Q2

Vale resumes Viga mine operations after losing 66,000/mt in production over six days

Prosecutors appeal Vale’s $44.4 million deal with attorney general over Brumadinho

Vale suspends dam works and concentration activities, loses 11,000 mt/day capacity