IBOV 204,120.12 ▼ 1.15% IPSA 10,776.60 ▼ 0.03% IPC MEX 69,889.73 ▼ 0.51% MERVAL 3,017,221 — — COLCAP 2,528.42 ▼ 1.25% BVL PERÚ 59,561.23 ▼ 4.26% USD/BRL5.03▼ 0.19% USD/MXN18.72▲ 0.02% USD/CLP988.48▲ 0.23% USD/COP3,185▼ 0.35% USD/PEN3.44▲ 0.21% USD/ARS1,529▲ 0.07% USD/UYU40.09▲ 3.01% USD/PYG5,709▲ 2.50% USD/BOB11.72▲ 3.06% USD/DOP61.15▲ 2.59% USD/CRC453.45▲ 2.74% USD/GTQ7.64▲ 3.11% USD/HNL26.87▲ 3.26% USD/NIO36.62▲ 2.68% USD/VES884.01▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD 157.28 — 0.00% USD/TTD6.74▲ 2.43% EUR/BRL5.64▼ 0.02% BRENT 88.88 ▼ 0.03% WTI 83.11 ▼ 0.11% IRON ORE 161.91 — — COPPER 6.61 ▲ 0.03% GOLD 4,461 ▲ 1.78% SILVER 65.59 ▲ 1.26% SOY 1,184 ▲ 3.20% CORN 480.50 ▲ 10.02% WHEAT 655.00 ▲ 3.93% COFFEE 317.25 ▼ 5.51% SUGAR 16.43 ▼ 1.79% ORANGE JUICE 138.55 ▼ 0.47% COTTON 85.03 ▲ 2.33% COCOA 5,719 ▲ 3.18% BEEF 223.60 ▼ 3.93% CATTLE 339.10 ▼ 3.16% LITHIUM 75.20 ▲ 1.47% PETR4 41.64 ▼ 0.05% VALE3 72.97 ▲ 0.83% ITUB4 38.60 ▼ 1.03% BBDC4 16.85 ▲ 0.36% ABEV3 14.89 ▼ 0.80% BBAS3 19.37 ▲ 0.47% B3SA3 14.26 ▼ 0.21% WEGE3 47.59 ▲ 0.49% PRIO3 59.14 ▼ 0.19% SUZB3 41.33 ▲ 2.35% RENT3 34.68 ▼ 0.09% AZZA3 15.89 ▼ 2.63% CSAN3 3.22 ▼ 1.83% RAIZ4 0.25 — 0.00% PCAR3 2.75 ▼ 0.36% GMAT3 3.65 ▼ 1.08% PSSA3 48.13 ▼ 0.54% CVCB3 1.33 ▼ 2.92% POSI3 3.36 ▲ 2.44% SLCE3 13.34 ▲ 0.30% NATU3 8.14 ▼ 0.73% IBOV 204,120.12 ▼ 1.15% IPSA 10,776.60 ▼ 0.03% IPC MEX 69,889.73 ▼ 0.51% MERVAL 3,017,221 — — COLCAP 2,528.42 ▼ 1.25% BVL PERÚ 59,561.23 ▼ 4.26% USD/BRL 5.16 ▲ 0.01% USD/MXN 17.06 ▼ 0.24% USD/CLP 913.98 ▲ 0.04% USD/COP 3,140 ▲ 0.03% USD/PEN 3.36 ▼ 0.66% USD/ARS 1,493 ▲ 0.10% USD/UYU 40.27 ▲ 1.24% USD/PYG 5,939 ▲ 1.68% USD/BOB 11.64 ▼ 0.76% USD/DOP 58.34 ▲ 1.25% USD/CRC 445.92 ▲ 0.89% USD/GTQ 7.62 ▲ 2.21% USD/HNL 26.79 ▲ 1.57% USD/NIO 36.62 ▲ 0.69% USD/VES 762.44 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.28 — 0.00% USD/TTD 6.70 ▲ 0.61% EUR/BRL 5.95 ▲ 1.01% BRENT 88.88 ▼ 0.03% WTI 83.11 ▼ 0.11% IRON ORE 161.91 — — COPPER 6.61 ▲ 0.03% GOLD 4,461 ▲ 1.78% SILVER 65.59 ▲ 1.26% SOY 1,184 ▲ 3.20% CORN 480.50 ▲ 10.02% WHEAT 655.00 ▲ 3.93% COFFEE 317.25 ▼ 5.51% SUGAR 16.43 ▼ 1.79% ORANGE JUICE 138.55 ▼ 0.47% COTTON 85.03 ▲ 2.33% COCOA 5,719 ▲ 3.18% BEEF 223.60 ▼ 3.93% CATTLE 339.10 ▼ 3.16% LITHIUM 75.20 ▲ 1.47% PETR4 41.64 ▼ 0.05% VALE3 72.97 ▲ 0.83% ITUB4 38.60 ▼ 1.03% BBDC4 16.85 ▲ 0.36% ABEV3 14.89 ▼ 0.80% BBAS3 19.37 ▲ 0.47% B3SA3 14.26 ▼ 0.21% WEGE3 47.59 ▲ 0.49% PRIO3 59.14 ▼ 0.19% SUZB3 41.33 ▲ 2.35% RENT3 34.68 ▼ 0.09% AZZA3 15.89 ▼ 2.63% CSAN3 3.22 ▼ 1.83% RAIZ4 0.25 — 0.00% PCAR3 2.75 ▼ 0.36% GMAT3 3.65 ▼ 1.08% PSSA3 48.13 ▼ 0.54% CVCB3 1.33 ▼ 2.92% POSI3 3.36 ▲ 2.44% SLCE3 13.34 ▲ 0.30% NATU3 8.14 ▼ 0.73%
since 2009
Friday, October 23, 2026

Lula unveils pivotal north-south railroad link in Brazil’s Goiás state

By · June 16, 2023 · 2 min read

Brazilian President, Luiz Inácio Lula da Silva, is set to inaugurate the strategic North-South Railroad on Friday, June 16.

The new rail link will connect the ports of Itaqui in Maranhão and Santos in São Paulo.

The President will attend an event at the Rumo terminal in Rio Verde (GO), the company responsible for the project.

After visiting the terminal at 11:20 am, he will attend the inauguration ceremony at noon.

Brazil Election Data Room
Runoff poll average: Flávio Bolsonaro 51.0%, Lula 49.0%
38 national polls from 20 pollsters since 4 October, updated hourly. Every poll, free to download.
Open the Data Room · Download the CSV · Embed the chart

Lula commented on the considerable challenges in developing a railroad of this size, from licensing to bidding issues.

The LatAm Brief

One email, every weekday morning. What moved in Latin American markets, politics and expat life.

Yesterday’s subject line: “Brazil poll tied 50-50, Polymarket gives Flávio 77%”

Free. We send a confirmation link first — nothing arrives until you click it. Unsubscribe with one click in any edition. If you stop opening us for 30 days we stop sending by ourselves, as we assume the interest is no longer there. See our privacy policy. We never share your email.

“In my government and in Dilma’s [Rousseff’s] government, we completed 90% of this highway.

 Lula unveils pivotal north-south railroad link in Brazil's Goiás state.
Lula unveils pivotal north-south railroad link in Brazil’s Goiás state.
RT
Ask Rio Times
17 years of Latin America reporting, on demand.
Open the full Ask Rio Times →

President Sarney, President Fernando Henrique Cardoso, President Temer, and the current concessionaire of this road each contributed 5%,” he stated in a radio interview.

However, he omitted the tenure of Presidents Fernando Collor de Mello (1990-1992), Itamar Franco (1992-1995), and Jair Bolsonaro (2019-2022).

The North-South Railroad, spanning 2,257 kilometers, passes through key commodity production areas, including those for soy, corn, and cotton.

This crucial infrastructure will expedite the flow of these goods to ports for exportation, bolstering the competitiveness of Goiás, Mato Grosso, and Minas Gerais by creating this logistical corridor.

The logistics operator, Rumo, has managed the Southern stretch of the railroad, spanning 1,537 kilometers, since 2019.

Over the past four years, the company has invested R$4 billion (US$800 million) in constructing three new terminals in São Simão (GO), Rio Verde (GO), and Iturama (MG), along with other infrastructure projects and rolling stock.

In his radio interview, President Lula expressed his satisfaction with completing the project.

“We will continue to build railroads to have an intermodal system. Combining highway, railroad, and maritime transport to reduce the Brazil Cost,” he noted.

The Minister of Transportation, Renan Filho, will also attend the inauguration ceremony.

Live Company IntelligenceLula unveils pivotal north-south railroad link in Brazil’s Goiás state — the full investor dossierInside: live share price, peer benchmarks and the latest Rio Times coverage on the company.
Rio Times · Live Ticker Intelligence
unveils pivotal north-south railroad in Brazil’s Goiás state
LINK · Latin American market listing
Share price · live
R$8.77
▼ -0.06% today
Peers & comparators
IBOV
▲ +0.10%
Data: RT Fundamentals & live feed · The Rio Times Ticker Intelligence

This article was drafted with automated assistance and reviewed before publication. How we use AI · Report an error · Editorial responsibility: Matthias Camenzind, Editor-in-Chief

Read More from The Rio Times

The Rio Times · Power Map
See who really holds power in Latin America
Click to open the Power Map →

Rotate for Best Experience

This report is optimized for landscape viewing. Rotate your phone for the full experience.