Brazil requires an urgent investment of $14.5bn (BRL25.8bn) through 2025 to upgrade and expand its national railway network to meet growing demand, according to the National Railroad Federation CNT.
The investment could expand the national railway network from the current 29,800km to the required 40,000km, CNT's annual survey has showed.
Out of this, $10.1bn (BRL17.7bn) is needed for network expansion and $4.6bn (BRL8.1bn) for routine works such as grade crossing improvements.
According to the survey, the country needs an 'ideal' investment of over $31bn (BRL54.5bn) to bring its rail freight transportation share to 38% of the total carried by road, rail and water, compared to the current 25%.
