Brazil Bets $24 Billion on Railways After Decades of Broken Promises

2026-02-18 - 10:03

Key Points Eight railway concession auctions covering 9,000+ km and R$140 billion ($24 billion) in investment — the most ambitious rail push in a generation Brazil moves 62% of its freight by truck despite being a continent-sized exporter — the US moves less than a third by road The flagship Ferrogrão project remains stuck in