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Russian Railways to bid for Brazil railroad construction

July 16, 2014, 12:37 UTC+3 FORTALEZA
“The railroads here will be constructed on the basis of concession. A preliminary contest will be held in summer,” Russian Railways Vice President Alexander Misharin
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Unfinished railway line seen in Cuiaba, Brazil

Unfinished railway line seen in Cuiaba, Brazil

© AP Photo/Kirsty Wigglesworth

FORTALEZA, July 16. /ITAR-TASS/. Russian Railways in consortium with a Brazilian company plans to take part in a tender on the construction of railroads in Brazil, Vice President Alexander Misharin said late Tuesday at the BRICS summit.

The tender will be held for six sites, and Russian Railways has not yet chosen a tender for participation, Misharin said. He also said that the company may establish a separate office in Brazil to act as an engineering company.

“The railroads here will be constructed on the basis of concession. A preliminary contest will be held in summer. There is a partner here, with whom we will possibly participate,” Misharin said.

He said that under the concession agreements 70% will be paid by the national bank, while 30% will be provided by the concessioners. The government will buy all the transportation volumes through a special company. Russian Railways can become the railroad’s operator in the future.

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