Court likely to postpone ruling on Brazil rail concession
Brazil's federal audit court (TCU) is likely to postpone a ruling on the concession plan for the Ferrovia Norte Sul rail project
TCU judge Bruno Dantas is looking for more time to evaluate a request from the court's technical area. The court is expected to veto the process and demand the publication of a new notice, reported O Estado de S. Paulo newspaper.
If the postponement is confirmed, it will represent a defeat for President Michel Temer, who wants to boost investments in railways before the end of his tenure on January 1, 2019.
The Norte-Sul concession is held by state-run company Valec Engenharia, which will allow a private player to operate it through a sub-concession.
The Ferrovia Norte-Sul sub-concession will stretch 1,537km, divided into two tranches: the central branch between Porto Nacional in Tocantins state and Anápolis in Goiás state, which is 100% built, and the southern branch between Ouro Verde de Goiás and Estrela D'Oeste in São Paulo state, which is 90% complete.
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News in: Infrastructure (Brazil)
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