Brazilian Railway Project will be Ready by 2012

Brazilian Railway Project will be Ready by 2012
September 20, 2010 12:11 pm

Companhia Siderurgica Nacional (SID) said that its Nova Transnordestina project in Brazil will be completed by the end of 2012.

The $2.6bn project includes the construction of an additional 1,728km of large-gauge railway track. The project will allow the steelmaker to carry about 30 million tons of cargo annually in the north-eastern part of the country.

The development will receive 60% of its funding through debt and 40% through capital injections. SID has a 56% stake in the project, which is supported by the federal government and state-owned Brazilian Development Bank. is a railway information and news platform. Website presents from all around the world railway sector news, developments, projects and tender for the sector specialists. Railwaynews supports to industry events and announced them for potential participants. Railwaynews plans to collecting data from all around the world, about railway infrastructure, rolling stock, railway transportation datum, geographical datum to present for railway professionals for short term. Railwaynews will build new platforms aims to high value railway business environment for all railway specialists, railway fans and especially railway suppliers and their decision makers. Railwaynews presents whole information from rail professionals to rail professionals.

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