Brazil forms railway fund

Brazil forms railway fund

Corporate & Sovereign Strategy Funds Project & Infrastructure Finance Brazil

The Brazilian government has issued a decree to create a fund for investments in the country's railroads. The order spells out three sources of financing for the new fund: the federal budget, donations and "other sources," which include proceeds from the concession auction for the segment of the Norte-Sul railway between Porto Nacional in the state of Tocantins and Estrela d'Oeste in the state of São Paulo.  The government expects to earn at least BRL1bn ($264m) from the concession auction. The

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