The Brazilian Development Bank (BNDES) has given a loan of BRL691.6m (approximately $351m) to America Latina Logistica (ALL) to finance a rail line in the state of Mato Grosso.
The line will stretch between the cities of Alto Araguaia and Rondonopolis in the state.
ALL will use the loan, which will mature in 20 years, to construct, operate and conserve the rail line.
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