Brazil Delays Bidding For $17.8B High-Speed Train Project

Law360, New York (August 13, 2013, 2:11 PM EDT) -- The Ministry of Transportation of Brazil has decided to push back the first stage of contract bidding for its proposed $17.8 billion high-speed rail line in order to attract more international companies to the auction, according to a Monday statement.

Bidding for the project's technology, service operation and maintenance system will be delayed until 2014, though the agency contends it will not be pushing back any other stages of the project as a result, according to a statement.

"The forecast for a 2020 start-up continues to...
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