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Brazil’s Paraná projects US$5.4 billion railroad linking Mato Grosso do Sul to Paranaguá Port

RIO DE JANEIRO, BRAZIL - The government of the state of Paraná is getting ready to launch an extremely ambitious project: the Nova Ferroeste, a railroad system from Maracaju (MS) to the Paranaguá Port (PR), with an investment forecast of R$29.4 (US$5.6) billion. It is not yet clear if any investor is willing to disburse a check of this size.

The team expects to attract some foreign groups, even in an election year. In the financial market, however, there is little confidence that the plan will get off the drawing board at this point.

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