São Paulo – Brazil’s railway sector expects a BRL 30 billion (USD 6 billion) in investments. This figure is particularly due to the renewal of concessions in some important lines. “It’s actually a conservative forecast, due to the renewal of contracts,” Brazil’s National Association of Rail Carriers (ANTF) executive director Fernando Paes told ANBA.
ANTF points out that these early contract extensions only could yield around BRL 30 billion. The renewals approved by the Investment Partnership Program (PPI) are expected to increase the share of the rail sector from 15% to 31% of all transportation in the country. “On one hand, we have this schedule of contract extensions. On the other, many of these companies are publicly traded,” Paes explained on other possibilities of new investors.
By Thais Sousa via Brazil-Arab News Agency