Brazil's transport ministry has approved a plan from mining and transport company Vale to carry out US$4.68 billion in railway infrastructure works.
The project falls under the country's northern region logistics program and will facilitate transport of production from Vale's (US$17.6 billion Carajás Serra Sul iron ore project (S11D) which begins in 2015.
Civil works will take place along Pará state's Sudeste railway network, connecting S11D to the Carajás railroad, which links to the Ponta da Madeira logistics terminal in neighbouring Maranhão state.
Vale will receive tax benefits under the ministry's special infrastructure development rule which encourages companies to invest in infrastructure projects.
The project falls under the country's northern region logistics program and will facilitate transport of production from Vale's (US$17.6 billion Carajás Serra Sul iron ore project (S11D) which begins in 2015.
Civil works will take place along Pará state's Sudeste railway network, connecting S11D to the Carajás railroad, which links to the Ponta da Madeira logistics terminal in neighbouring Maranhão state.
Vale will receive tax benefits under the ministry's special infrastructure development rule which encourages companies to invest in infrastructure projects.
