By Lise Alves, Senior Contributing Reporter
RIO DE JANEIRO, BRAZIL – Designed to be the backbone of Brazil’s rail transportation, the North-South Railroad was auctioned off this week, for R$2.719 billion. The winner, Rumo SA, obtained the concession use of a 1,537-kilometer transport network, from Estrela d'Oeste (SP) to Porto Nacional (TO).
"The result was excellent and exceeded the expectation of the government. said Infrastructure Minister Tarcisio Freitas.
"It's a milestone, it's a historic day, it's a day of resumption of the railway sector in Brazil," added the government official after . . .