Category: Latin America Finance

Brazil attracts USD16.56 billion investments for rail

The Brazilian Association of the Railway Industry/ Associação Brasileira da Indústria Ferroviária (ABIFER) has announced that the country has attracted USD16.56 billion (BRL91.972 billion) in investment during September 2021, also known as Brazil’s Rail Month. The government received 19 requests to develop new lines under the Pro Rail law passed in September 2021, which will together span 5,360 km across 12 regions, at an estimated investment of BRL80.5 billion.

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Funds allocated for Salvador BRT, Brazil

The Government of Brazil and Caixa Econômica Federal (a Government of Brazil-owned financial services company) have allocated BRL215.20 million for the construction of Section Two of a bus rapid transit (BRT) system in Salvador.

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