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Vale do Rio Doce (CVRD) to invest US$7 Billion in Brazilian Infrastructure
In order to accommodate demand for its ore from the Carajas mine
Brazil, CVRD will invest US$ 7 Billion in its rail and port facilities
within the next 4 years.
US$ 4 Billion will be invested in
upgrading its rail network, including the purchase of more rolling
stock. Another US$ 3 Billion will be invested in the construction of a
brand new port in Ponta da Madeira, to help it expand its export
capabilities from the North of Brazil. This will allow CVRD to double
its yearly exports to 200 million tons by 2012 through these facilities.
These
investments though are only part of the US$ 59 Billion that CVRD is
planning to spend on increasing its export capacity to 450 million tons
of ore per year, by the year 2012. These are some of the largest
investments in logistics capacity in the world.
Source: Notícias da Revista Ferroviária, 4/2/08
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