{"id":33132,"date":"2009-12-08T12:27:00","date_gmt":"2009-12-08T14:27:00","guid":{"rendered":"https:\/\/escaesco.com.br\/lab\/anba\/a-us-20-bn-high-speed-train\/"},"modified":"2019-06-30T12:16:47","modified_gmt":"2019-06-30T15:16:47","slug":"a-us-20-bn-high-speed-train","status":"publish","type":"post","link":"https:\/\/anba.com.br\/en\/a-us-20-bn-high-speed-train\/","title":{"rendered":"A US$ 20 bn high-speed train"},"content":{"rendered":"<p>S\u00e3o Paulo \u2013 Next week the minutes of the call to tender and the contract for the construction of a high-speed train to connect Rio de Janeiro and Campinas, crossing S\u00e3o Paulo, should be open to public inquiry on the Internet. The period for inquiries should last a month. The total value of the project, with public and private investment, should reach 34.6 billion Brazilian reals (US$ 20 billion).<\/p>\n<p> According to Ag\u00eancia Brasil, in January, there will be public audiences in Rio de Janeiro, S\u00e3o Paulo, Campinas, S\u00e3o Jos\u00e9 dos Campos and Barra Mansa\/Volta Redonda. The call to tender should be published in February.<\/p>\n<p> The proposals presented by companies interested should be open in May. The winner should be the consortium requiring the lowest public investment and offering the lowest fares. The company or consortium winning should be responsible for the construction and will have the concession for a period of 40 years.<\/p>\n<p> According to the executive secretary at the Ministry of Transportation, Paulo S\u00e9rgio Passos, the winner of the tender will be the company offering the lowest public demand for public financing and the lowest price ceiling for train tickets. The total value of the project, including public and private investment, should reach US$ 20 billion.<\/p>\n<p> The Brazilian Development Bank (BNDES) should place up to 20.9 billion reals (US$ 12 billion). Another 3.3 billion reals (US$ 1.9 billion) should be offered by the Eximbank (the foreign trade bank) of the country of origin of the winning consortium. The tender should include companies from Japan, China, South Korea, Germany, France, Italy and Spain.<\/p>\n<p> <b>Purpose<\/b><\/p>\n<p> Apart from this financing, a Special Purpose Enterprise (SPE) should be established to build and manage the high-speed train. A public engineering and technology company should also be established by the government of Brazil to receive the transfer of technology \u2013 one of the conditions for participation in the auction \u2013 and should participate with 30% of the capital of the SPE, to manage the train.<\/p>\n<p> Thus, with the formation of the companies, 7 billion reals (US$ 4 billion) in private capital will be turned to the formation of the SPE, alongside 3.3 billion reals (US$ 1.9 billion) of National Treasury capital in the establishment of a new company \u2013 with a division of 70% private and 30% public investment in the capital of the train itself.<\/p>\n<p> Passos refused the possibility of the government taking on the risk of demand for the private companies participating in the winning consortium. \u201cIt is not possible to take on the risk of demand when taking into consideration the dimensions of participation in the government project,\u201d said the executive secretary on returning from a meeting with the minister of Transportation, Alfredo Nascimento, and with president Lu\u00eds In\u00e1cio Lula da Silva.<\/p>\n<p> He also said that these companies should have to prove their experience in projects of this kind and that they have technology to be transferred to Brazil. When inquired whether it is possible for the enterprise to be ready by the 2014 World Cup, Passos was cautious.<\/p>\n<p> According to him, the schedule for operation of the train will only be known after the winning bid is approved. &quot;It is improbable that it will be approved by 2014, the schedule is a little tight, the project is complex. But it is not possible to speculate on something that will only be known at the end of the tender,\u201d he said.<\/p>\n<p> <b>*Translated by Mark Ament<\/b><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The call to tender and contract for construction of a high-speed train, connecting S\u00e3o Paulo to Rio, should be open to public inquiry. The proposals presented should be opened in May.<\/p>\n","protected":false},"author":2316,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[107],"tags":[],"class_list":{"0":"post-33132","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-business-opportunities"},"wps_subtitle":"The call to tender and contract for construction of a high-speed train, connecting S\u00e3o Paulo to Rio, should be open to public inquiry. The proposals presented should be opened in May.","_links":{"self":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/33132","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/users\/2316"}],"replies":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/comments?post=33132"}],"version-history":[{"count":0,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/33132\/revisions"}],"wp:attachment":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/media?parent=33132"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/categories?post=33132"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/tags?post=33132"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}