Vale investing BRL 111 million at its Carajas iron ore railway

Friday, 19 June 2020 23:17:59 (GMT+3)   |   Sao Paulo
       

Brazilian miner and iron ore producer Vale expects to invest BRL 111 million ($20.8 million) to add iron ore transportation capacity at its Estrada de Ferro dos Carajas (EFC) railway, SteelOrbis has learned.

Vale expects to build additional railway sections at its EFC railway in the state of Pará, which would allow it to expand transportation capacity by 10 million mt/year, according to a document obtained by SteelOrbis.

Vale’s EFC railway project was qualified by the Brazilian government under a special infrastructure regime. The Brazilian Special Incentive Regime for the Development of Infrastructure (REIDI) would give Vale undisclosed benefits.


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