Brazil sees Russian, Chinese and Spanish interest in north-south rail

Brazil’s planned auction of the rights to expand and operate the North-South railway between Tocantins and Sao Paulo states has drawn the interest of major operators from countries including Russia, China and Spain, a government official said on Friday. The official also said the government may grant the winner of a concession for the Ferrogrão railway project in northern Brazil exclusive rights to operate along those rails to compensate for roughly $4 billion in needed investments. Source: Reuters Creditors of Brazil’s Oi balk at revised debt restructuring plan The two biggest bondholder groups in Brazilian telephone operator Oi said on Friday they “strongly oppose” the terms of a new debt restructuring plan the company intends to present in bankruptcy court. […]

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