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Norte-Sul Railroad Concession

Sector: Road • Location: Brazil

Source: World Bank Group

Project
Active

The project involves the completion and operation of the Brazilian railroad Norte-Sul - a stretch of line called the Estrada de Ferro 151 (EF-151), which connects Porto Nacional in Tocantins state to Estrela d’Oeste in Sao Paulo. The SPV is Rumo Malha Central S.A., which is 100% owned by Rumo, part of the Cosan Group. Under the terms of the 30-year concession Rumo will have 2 years to finish the

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The project “Norte-Sul Railroad Concession” is an infrastructure initiative in the Road sector, located in Brazil. Taiyo aggregates data on it from World Bank Group.

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Description

Description

The project involves the completion and operation of the Brazilian railroad Norte-Sul - a stretch of line called the Estrada de Ferro 151 (EF-151), which connects Porto Nacional in Tocantins state to Estrela d’Oeste in Sao Paulo. The SPV is Rumo Malha Central S.A., which is 100% owned by Rumo, part of the Cosan Group. Under the terms of the 30-year concession Rumo will have 2 years to finish the works before operations are due to commence in 2021. The sponsor issued BRL1,129,136,000 ($271 million) in debentures to finance the project and also received a $BRL800 million ($197.6m) loan from Banco da Amazonia. The total value of the project is BRL3.4 billion or USD839.7 million. The transaction closed on 30 December 2019. https://ijglobal.com/articles/143849/rumo-finances-brazilian-railroad-with-debentures https://www.investsite.com.br/IPE/017450/2019/17450_719977.pdf https://www.euqueroinvestir.com/rumo-aprovou-mudancas-nos-contratos-de-financiamento-com-bndes/

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Source reliability

High

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URL

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