Brazil Seeks R$15 Billion With Concessions Extensions

In the rail segment, the government estimates the extra investments are also expected to generate more than 40 thousand new jobs.

By Lise Alves, Senior Contributing Reporter

SÃO PAULO, BRAZIL – The Brazilian government hopes to obtain an extra R$15 billion in investments from the extension of concessions given to the private sector of rail lines and highways. The government announced last week it was allowing the extension so that private companies may make additional investments not foreseen in the current contracts.

"The measure contributes to accelerate investment and re-energize the infrastructure sector, as well as improving services to users," explained Minister of Planning, Development and Management, Dyogo Oliveira, during a press conference on Friday, November 25th.

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