VLI, a railway and port operator, plans to invest R$10.5 billion in Brazil’s Southeast Corridor, anticipating an 80% increase in cargo movement over 30 years. This is part of a R$24 billion investment linked to the early renewal of the Ferrovia Centro-Atlântica (FCA) concession, which expires in 2026. FCA links seven states and key ports, such as Santos and Tubarão. CEO Fábio Marchiori emphasized the urgency of early renewal to expedite investments. The Eastern Corridor will also receive R$10 billion, with additional funds for other corridors. VLI’s total 2023 cargo reached 61.3 million tons, with major revenues from soy, corn, and sugar exports. Most investment will occur in the concession’s first half. VLI has over R$5 billion in cash, with potential for increased debt and a future IPO.
Source: RPA News
VLI PLANS TO INVEST R$10.5 BILLION IN THE SOUTHEAST CORRIDOR; SEES 80% INCREASE IN VOLUME IN 30 YEARS
Published On - 7 de November de 2024