Rumo Logistics, a unit of the Cosan Group, is set to issue two series of debentures which are estimated to total at least BRL1 billion (US$244.49 million) and will be used to finance the development of the Norte-Sul railroad in Brazil.
In August 2019, the company has been awarded the concession contract for the BRL2.72 billion (US$692 million) railway project by Agência Nacional de Transportes Terrestres (ANTT) in Brazil. The project involves the concession of the North-South railway, which will pass through the states of São Paulo, Minas Gerais, Goiás, and Tocantins in Brazil. The stretch will be 1,537 km long and will connect Estrela D'Oeste to Porto Nacional. This rail stretch will enable cargo transportation from the Midwest and flow through both the Itaqui Port and the Santos Port.
The project is expected to be operational by 2021.
Country updates
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September 12, 2019
Brazil initiates Codesa privatization plan
The Investment Partnerships Program (PPI) with the Ministries of Infrastructure and Economy, in addition to the National Bank for Economic and Social Development (BNDES) and the National Agency o...
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September 10, 2019
Concession contracts signed for 12 airports in Brazil
The Government of Brazil has signed the concession contracts with 3 winning companies for the concession of 12 airports that were divided in three regional blocks - Northeast, Southeast and Midwest. T...
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August 30, 2019
Legal consultant sought for Brazilian PPP transactions
Brazilian Federal Government has appointed International Finance Corporation as the lead advisor to structure and promote a new Roads Concession Program in the State of Paraná for up to 6 trans...
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August 26, 2019
Tender launched for development of Sewage treatment system in Porto Alegre
The State Government and the Riograndense Sanitation Company (Corsan) in Brazil has launched the bidding process for the Sewage treatment system project in Porto Alegre. The expected inves...
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August 23, 2019
Seven teams shortlisted for Public lighting project in Teresina
City of Teresina in Brazil has shortlisted seven teams for the Public lighting project in Teresina. The public lighting will increase Teresina's energy park by improving the service for...
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