The new transferee of the Internal Railway of the Port of Santos (Fips in Portuguese), a joint venture formed by sector giants VLI, MRS, and Rumo, should take over the management of the rail network in June, after the completion of al the rites called for in the bidding call opened by the Santos Port Authority (SPA). The assignee will be responsible for the management, operation, maintenance, and expansion of the railroad that serves the Santos port complex and will receive a total investment of R$ 891 million within a maximum period of five years, to expand the local rail capacity, which verge of saturation. The railway network’s current capacity is 50 million tonnes per year, with a 94% utilization rate, which necessitates an immediate expansion to 115 million tonnes per year.
Sources: A Tribuna/Datamar News