Brazil ready to put Rio-São Paulo high-speed train in private hands

The transfer of this project to the private sector is possible thanks to the new railroad authorization law that came into force last year, which allows the government to grant permits for the construction and operation of railroads to private companies that apply for them, without the need for tenders.

RIO DE JANEIRO, BRAZIL - The construction and operation of a high-speed train between Rio de Janeiro and São Paulo, Brazil's two largest cities, is no longer a public priority, but the government is ready to put the project in private hands, Infrastructure Minister Marcelo Sampaio said Thursday.

"The project is ready to be developed by the private sector if a company expresses interest," the minister said at a virtual press conference to foreign correspondents in Brazil.

Sampaio said the government had discussed the ambitious project for about 15 years, and a public company was even created to . . .

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