Consortium with China’s CRRC to build railroad in Brazil’s Sao Paulo state

A consortium with Brazilian firm Comporte and a subsidiary of Beijing-based company CRRC was the only bidder and won an auction on Thursday for a 30-year concession to build a railway that would link the cities of Sao Paulo and Campinas. The bid stood at the minimum possible by the auction rules, as the consortium, which is led by Comporte, offered a 0.01% discount over the nearly 8 billion reais ($1.61 billion) Sao Paulo's government will invest in the project. The auction also includes the building of another railroad connecting the cities of Jundiai and Campinas, both in Sao Paulo state, and the operation of a train line now under state control.