Brazil Has to Invest in Rail Construction, says study

20 May 2010 (Last Updated May 20th, 2010 18:30)

Brazil has to invest $22bn to meet the growing demand for freight transportation in the coming years, according to a study. The Institute of Applied Economic Research (IAER) said the use of the railway system in the country was "suboptimal" when compared to other developed countries.

Brazil has to invest $22bn to meet the growing demand for freight transportation in the coming years, according to a study.

The Institute of Applied Economic Research (IAER) said the use of the railway system in the country was “suboptimal” when compared to other developed countries.

IAER railway transportation coordinator Fabiano Pompermayer said Brazil’s railway lines needed be extended by about 10,000km and the focus should be on building a north-south route, according to english.peopledaily.com.cn.