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Tue June 15 2021

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Spain to bid on $17.5bn Brazilian railway

23 May 13 Spain's development minister has said that her country is organising a consortium of public and private companies to bid on the contract to create a high-speed passenger rail service linking Brazil's two largest cities.

The complete scheme will require a total investment of US$17.5bn (£11bn) according to Brazilian government estimates. The 511km project will connect Sao Paulo with Rio de Janeiro.

Spain "has all the requisites to enter a bidding like this," said Ana Pastor at a breakfast briefing. Pastor noted Spain's wide experience in high-speed railways, having the second-largest system in the world after China.

The minister was accompanied by the president of Spanish state railway operator Renfe, Julio Gomez-Pomar. "We will soon have defined the Spanish consortium that will enter the competition," he said.

Bids are due in by 13 August.

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MPU

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