MRS Logística to invest US$249mn in 2009

Brazilian rail operator MRS Logística has confirmed a 549mn-real (US$249mn) investment budget for 2009, news service Agência Estado reported.

A total of 178mn reais will be used to buy rolling stock and office materials; another 221mn reais will be spent on track repairs; 112mn reais will be allocated to improve signaling, energy and telecommunications; and 38mn reais will be used for miscellaneous purposes, the report said.

Most of the resources will come from the company's own funds and the rest through financing.

At the same time, the company is forecasting a volume of nearly 137mn net-tonnes kilometer (TKU) for the year, the report said.

MRS Logística, a cargo railway concessionaire since 1996, operates the southeastern federal railroad network which connects the states of Rio de Janeiro, Minas Gerais and São Paulo.

The company has 1,643km of railways that connect to Sepetiba port, in Rio de Janeiro state, and Santos port, in São Paulo, according to a company release.

Publication: Business News Americas - English News
Provider: Business News Americas
March 26, 2009

Log-In Logística to invest US$107mn in 2009

Brazilian transport, storage and logistics company Log-In Logística Intermodal (Bovespa: LOGN3) announced it will invest 228mn reais (US$107mn) next year, paper Valor Econômico reported.

This sum might be increased if the construction of grain transport ships to transport bauxite and the Manaus river port, in Amazonas state, are included on its project list, the report said.

Of the approved amount, 129mn reais will be for the construction of container ships, 28.4mn reais will be used to expand capacity at its Vila Velha container terminal in Espírito Santo state, and 21.4mn reais will be invested in the Paulínia intermodal terminal in São Paulo state. Current investments will be allocated 15mn reais.

For expansion at the Camaçari multimodal terminal, in Bahia state, 31.9mn reais are expected to be invested, of which 26.4mn reais from 2008 have been reallocated to 2009.

Publication: Business News Americas - English News
Provider: Business News Americas
November 11, 2008