IBOV 171,031.73 ▲ 1.85% IPSA 11,338.38 ▲ 0.89% IPC MEX 65,223.89 ▲ 1.36% MERVAL 2,913,184 ▲ 1.30% COLCAP 2,459.23 ▲ 0.61% BVL PERÚ 58,698.13 ▲ 2.60% USD/BRL5.14▼ 1.18% USD/MXN16.90▼ 0.36% USD/CLP914.28▼ 0.85% USD/COP3,038▼ 0.43% USD/PEN3.35▼ 0.06% USD/ARS1,499▲ 0.12% USD/UYU40.20▲ 1.58% USD/PYG5,996▲ 1.55% USD/BOB11.43▲ 0.41% USD/DOP58.82▲ 0.20% USD/CRC450.05▲ 3.34% USD/GTQ7.62▲ 2.21% USD/HNL26.81▲ 0.31% USD/NIO36.62▲ 0.29% USD/VES778.00▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD 157.28 — 0.00% USD/TTD6.71▲ 0.79% EUR/BRL6.00▼ 0.64% 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 171,031.73 ▲ 1.85% IPSA 11,338.38 ▲ 0.89% IPC MEX 65,223.89 ▲ 1.36% MERVAL 2,913,184 ▲ 1.30% COLCAP 2,459.23 ▲ 0.61% BVL PERÚ 58,698.13 ▲ 2.60% 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
Saturday, August 22, 2026

Brazil Business - Brazil

The never-ending story: a high-speed train between Rio de Janeiro and São Paulo 

By · March 10, 2023 · 4 min read

Daily Brief

The morning intel from across Latin America. Free.

By subscribing you agree to our privacy policy. We never share your email.

Once upon a time, a high-speed train connected Rio de Janeiro and São Paulo, covering the 500-kilometer distance in less than two hours.

The line was to be completed for the 2014 World Cup and serve as a showcase for the power of Brazil, whose economy was growing at the speed of a locomotive.

Thus began a story that, after several failed attempts, is now just a pipe dream.

The plan calls for the line, already promoted by the private sector, to be 380 kilometers long, with trains traveling at 350 kilometers per hour to connect the two cities in one hour and 30 minutes (Photo internet reproduction)
One-stop reference
Company Intelligence
Every listed company in Latin America — financials, ownership and structure for 1,450+ companies across 26 exchanges, in one place.
Browse the directory →
RT
Ask Rio Times
Latin American markets, currencies and companies.
Open the full Ask Rio Times →

The dreamed-of project was tentatively revived in recent days, however, when the state-run National Regulatory Authority for the Ground Transportation Sector (ANTT) granted the private company TAV Brasil permission to take up the high-speed train idea.

It would be the first in Latin America.

The project’s origin dates back to 2009, the second term of Luiz Inácio Lula da Silva.

Then Interior Minister Dilma Rousseff spearheaded the promise, which was to become a reality for the 2014 World Cup.

It was then postponed until the 2016 Rio Olympics.

It was expected to carry 18 million passengers a year, but not a single kilometer of track had been built when the athletes arrived.

The original cost, estimated at R$22 billion (more than US$4.2 billion today), quickly rose to R$34.6 billion.

Some foreign companies, such as Italy’s AlsaldoBrena and China Railways, approached Brazilian authorities but promptly gave up.

Doubts about the project’s viability eventually weighed heavily.

The project was shelved, but it was still not in vain.

In those years, a public company was created that resisted until recently.

The preliminary studies cost the public coffers R$29 million, according to the Court of Audit, which warned in 2021 that if the government wanted to restart the train, it would have to start everything from scratch since the budget appropriations had already expired with so much delay.

After several years of hearing nothing of this inconvenient, frustrating dream, the high-speed train is now making a tentative comeback, thanks to the company TAV Brasil.

Its CEO, Bernardo Figueiredo, recently told the local press that there would be no government involvement this time.

Figueiredo is considered a big enthusiast of the high-speed train, as he was president of the national transport authority when the idea was floated in the government.

The plan calls for the line, already promoted by the private sector, to be 380 kilometers long, with trains traveling 350 kilometers per hour to connect the two cities in one hour and 30 minutes.

The first passengers could use the line in June 2032.

By then, R$50 billion would have to be spent.

TAV Brasil, set up specifically to revive the train and has a share capital of just R$100,000, says it is in talks with national and international investors.

However, financing a project of this scale without public funds is a major challenge.

Frustrated with the past, the government is distancing itself from the revived rail dream.

Last week, the new president of state-owned Infra S.A., Jorge Bastos, clarified, “We have no interest in participating in this project. It is not one of our priorities. It is a private permit; they will take care of it.”

And even the experts are not all in favor of the project.

For Cláudio Robert Pierini, a doctor of urban planning at the Federal University of São Carlos, we must wait for the financing rounds.

“Maybe they have realized that there is a pent-up demand.”

Currently, the commute between Rio and São Paulo is one of the busiest in the world, and for more modest budgets, buses connect the two cities in about six hours, with only ten-minute headways during rush hour.

Competing with this scenario will be very difficult, says Pierini, who cites major technical obstacles and high, unaffordable prices for the average Brazilian.

The Serra do Mar mountain range brings environmental constraints and would require the construction of tunnels and viaducts, making the project enormously more expensive.

Some solutions to long-standing problems also limp along.

The old project envisioned no fewer than eight stops (two in Campinas, one in São Paulo, one at Guarulhos International Airport, one in São José dos Campos, one between Barra Mansa and Volta Redonda, and two in Rio de Janeiro; one in the center and one at the airport).

This large number of stations, the result of the classic struggle of local authorities to modernize on their doorstep, affected speed and competitiveness.

Now only two are planned: Rio and São Paulo.

The branch line connecting the capital São Paulo with Campinas will also be discontinued, but even this solution is unsatisfactory.

To reduce costs, the two stations would be built on the outskirts of the two cities.

In Rio, for example, the station for the high-speed train would be located in the Santa Cruz district, where the city ends to the west, 66 kilometers from the center, which means two hours of congestion.

“Urban lines are more expensive because they require tunnels and limit speeds, but moving stations to the periphery doesn’t solve the problem. Passengers then have to cross the city in the middle of traffic,” reminds the expert.

In his opinion, using the current disused rail network to operate regional trains, not necessarily high-speed trains, would make more sense.

“It would be cheaper to use the existing trains, but the impact would not be as great. There’s also a certain mystique in people’s minds. Maybe they’ll get a feasibility study and find out it’s doable, but I’d like to see how,” he says, somewhat incredulously.

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.