Brazil receives two bids for Norte-Sul railway project

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The Government of Brazil has received two proposals for the Norte-Sul railroad concession project. 

The project involves the development of a 1,537 km railway that passes through the states of São Paulo, Minas Gerais, Goiás, and the Tocantins.

The bidders offered a minimum value of BRL1.351 billion (US$349.7 million) and planned investments of about BRL2.8 billion (US$724.7 million) for a concession period of 30 years. The bids are expected to be opened on March 28.

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