Brazil needs to invest over 20 bln dollars in railway construction: study

17:03, May 20, 2010      

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Brazil needs to invest 40 billion reais (22 billion U.S. dollars) in railway construction to meet the increasing freight transport demand in the coming years, a study by the Institute of Applied Economic Research showed.

Otherwise, the country's export will run into trouble, the study said.

Fabiano Pompermayer, coordinator of railway transportation, said the country's railway lines should be extended by about 10,000 km over the existing 28,000 km, and the construction of a north-south route should be given priority.

The study concluded that the use of the railway system in the country "is considered to be suboptimal, especially comparing with the countries more developed than Brazil."

The concentration of the Brazilian population in the southern, southeastern and coastal regions, the development models of the 1950s that gave priority to highway transportation, and low public investment in the sector in the last 25 years are all blamed for the backwardness.

Source:Xinhua

(Editor:黄蓓蓓)

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