Transport Infrastructure
Brazil's Vale reaches $1.8 bln train concessions deal
Brazilian miner Vale has actually reached a contract with local authorities to pay up to some 11 billion reais ($ 1.78 billion) to renegotiate two train concession agreements, the company revealed in a. securities filing on Monday. Brazil's federal government has actually been intending to eliminate discounts. offered to rail companies by the previous administration when some. received early contract renewals. In its filing, Vale noted that it has actually reached arrangement on. general terms with the federal government and land transport regulator. ANTT for the renegotiation of the Carajas and Vitoria a Minas. trains concessions, which in 2020 were...