Brazil reaches $7.6 billion deal to renew key railway concession run by VLI

Reuters

Feb 06

Brazil reaches $7.6 billion deal to renew key railway concession run by VLI

By Lisandra Paraguassu

BRASILIA, Feb 5 (Reuters) - Brazil's government has reached a deal for the early renewal of a key railway concession that connects parts of the country's Center-Western and Northeast regions to ports in the Southeast, Transport Minister Renan Filho told Reuters.

The agreement extends the Centro-Atlantica Railway $(FCA)$ concession by 30 years, and includes about 40 billion reais ($7.61 billion) in investments from its operator VLI, which has Canadian asset manager Brookfield BAM.N and Brazilian miner Vale VALE3.SA as shareholders.

KEY DETAILS

"An understanding was reached," Filho said, calling the deal the largest ever individual railway investment in Brazil.
Brazil's audit court TCU still has to approve the deal, he added.
VLI did not immediately respond to a request for comment on the deal.
The railway currently transports key products such as soybeans, fertilizers, fuels and minerals.
A study on VLI's website said that investments from the concession renewal could increase the railway's cargo volume by nearly 50%.

($1 = 5.2531 reais)

(Reporting by Lisandra Paraguassu in Brasilia; Writing by Fernando Cardoso; Editing by Brendan O'Boyle)

((fernando.cardoso@thomsonreuters.com;))

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Writing by Fernando Cardoso; Editing by Brendan O'Boyle)</p><p> ((fernando.cardoso@thomsonreuters.com;))</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4585","symbol_name":"ETF&股票定投概念","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20260205:nL1N3Z11FO:1","article_id":"2609582031","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2609582031","pubTimestamp":1770327382,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"Brazil reaches $7.6 billion deal to renew key railway concession run by VLIBy Lisandra ParaguassuBRASILIA, Feb 5  - Brazil's government has reached a deal for the early renewal of a key railway concession that connects parts of the country's Center-Western and Northeast regions to ports in the Southeast, Transport Minister Renan Filho told Reuters. The agreement extends the Centro-Atlantica Railway  concession by 30 years, and includes about 40 billion reais  in investments from its operator VLI, which has Canadian asset manager Brookfield BAM.N and Brazilian miner Vale VALE3.SA as shareholders.KEY DETAILS\"An understanding was reached,\" Filho said, calling the deal the largest ever individual railway investment in Brazil. Brazil's audit court TCU still has to approve the deal, he added. 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The agreement extends the Centro-Atlantica Railway $(FCA)$ concession by 30 years, and includes about 40 billion reais ($7.61 billion) in investments from its operator VLI, which has Canadian asset manager Brookfield BAM.N and Brazilian miner Vale VALE3.SA as shareholders.KEY DETAILS\"An understanding was reached,\" Filho said, calling the deal the largest ever individual railway investment in Brazil. Brazil's audit court TCU still has to approve the deal, he added. VLI did not immediately respond to a request for comment on the deal.The railway currently transports key products such as soybeans, fertilizers, fuels and minerals.A study on VLI's website said that investments from the concession renewal could increase the railway's cargo volume by nearly 50%. 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