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Brazil’s North-South Rail Auctioned For R$2.7 Billion

By Lise Alves, Senior Contributing Reporter

RIO DE JANEIRO, BRAZIL – Designed to be the backbone of Brazil’s rail transportation, the North-South Railroad was auctioned off this week, for R$2.719 billion. The winner, Rumo SA, obtained the concession use of a 1,537-kilometer transport network, from Estrela d'Oeste (SP) to Porto Nacional (TO).

"The result was excellent and exceeded the expectation of the government. said Infrastructure Minister Tarcisio Freitas.

"It's a milestone, it's a historic day, it's a day of resumption of the railway sector in Brazil," added the government official after . . .

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