New Brazilian freight concessions set for Reais 25bn investment

FIVE of Brazil’s rail freight concessions are set to be renewed in 2018, and this is expected to generate investments of Reais 25bn ($US 7.6bn) in railway infrastructure up to 2023, according to Mr Fernando Paes, executive director of the National Association of Railway Carriers (ANTF).Paes, who was speaking to IRJ at the 20th NT Expo - Business on Rails exhibition held in São Paulo last week, says these investments will focus on expanding capacity. This will include constructing new yards, and introducing new technologies, signaling upgrades and engineering projects along with new lines and extensions to existing infrastructure, which will help to reduce bottlenecks. The money will also be spent on expanding fleets.