RUMO LOGÍSTICA MAKES PRE-PAYMENT OF R$5.1 BILLION TO FEDERAL GOVERNMENT

Through the National Land Transport Agency (ANTT), the Ministry of Infrastructure (MINFRA) signed an agreement with the logistics company Rumo to receive an advance of R$ 5.1 billion in resources related to the partial pre-payment of grants from the Malha Paulista concessions and the central and southern sections of the North-South Railway (FNS). With the agreement signed on Tuesday, September 15, the federal government’s coffers received R$ 5.1 billion in resources. This is the largest single grant payment in the history of the ministry.

As a result, many of the installments were paid in advance – 70 installments in the case of Malha Paulista and 59 installments in the case of the two sections of the FNS, totaling R$ 2.82 billion and R$ 2.27 billion, respectively. The remaining payments will be made according to the terms stipulated in each of the concession contracts (until 2049 for the North-South Railway and until 2058 for the Malha Paulista).

Grant installments are often adopted during public auctions for railway concessions as a way to increase attractiveness and are considered a benefit to the bidder. The installment calculation took into account only the present value of the upfront payments, without any discounts.

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