Transport authority plan investment in Rio
Date added: 5th July, 2010 at 09:11
(view all articles from July, 2010)
Categories: Rio
Those hoping to invest in real estate in Rio de Janeiro may be interested to know that the government's transport agency recently announced that a high-speed bullet train is planned for the city.
Speaking at a news conference, Brazilian Ground Transportation Authority (ANTT) Bernardo Figuereido told reporters that the body would be submitting the text of the tender to the National Privatisation Council for their final approval, according to the Wall Street Journal.
Brazil's Federal Accounting Office has predicted the total cost of the project will be R$33.1 billion (£12.33 billion) and has recommended that government investment be capped at R$19.9 billion, the newspaper noted.
Mr Figuereido said that ANTT expects to offer the tender in November to allow investors time to consider to the guidelines and proposals.
This will be the country's first high-speed bullet train and it will connect Rio de Janeiro, Sao Paulo and Campinas, the information source stated.
Jonathon Wheatley recently reported in the Financial Times that infrastructure investment in Rio would include a major port in the village of Acu.
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