São Paulo announces $1 bn investment in railroads

The São Paulo government announced investments of R$ 6 billion ($1 bn) to restructure the state’s railroad network.  The undertaking will be realised by Rumo Logistica Group and will attend 72 cities of São Paulo. Among the planned works are the recovery of two branches that were deactivated: Colombia-Pradópolis (185.6 km) and Panorama-Bauru (369.1 km), towards the Port of Santos.

Source: Money Times