Brazil launches tenders

Sport Business News

A tender for the construction of a high–speed `bullet train' between Rio de Janeiro and Sao Paulo is expected to be opened by Brazil's federal transport body within the next few weeks. A five–year construction period–2011 to 2016–is expected.

The 511–kilometre route will link the Rio and Sao Paulo international airports plus the Campinas domestic airport 100km northwest of Sao Paulo, with trains to travel at close to 400 kilometres per hour. The fares will range from R$149. 85 and R$199. 73. The project will cost around R$33bn and generate an estimated R$192. 7bn in income over a 40–year concession period. A new public company called ETAV will hold a 33% stake in a special entity to be incorporated by the winner of the tender. Brazilian development bank BNDES will provide the majority of finance for the project. Meanwhile, the opening of a tender for the construction of a new hotel in Brazil's capital city, Brasilia, in early July 2010 could be a prime opportunity for relevant overseas groups looking to make a move into the country. Infraero, Brazil's federal body for airports, is developing the new 150 bed hotel in an area just a few hundred metres from the city's international airport, primarily to cater for passengers in transit. The project is expected to cost around R$13. 5m and international groups are able to bid for the work. The tender closes on 15 September 2010 and the work is expected to take 18 months. The winning bidder will also have the right to develop a number of associated commercial facilities, such as shops and restaurants. About Simon TarmoA journalist from Sydney, Australia, and co–founder of industry journal Australian Sponsorship News, Simon Tarmo now lives in Belo Horizonte, Brazil. Having worked on a range of writing, research and trade projects across a number of industries including sport, entertainment and wine, he is currently focusing on business opportunities involving the 2014 World Cup and Rio 2016 in Brazil. With fluent Portuguese language skills, he has an extensive network of contacts throughout Brazil and can advise and assist foreign groups doing business in the country. More details http://simontarmo. blogspot. com/ ~ Simon Tarmo+55 31 9196 0069simon@pando. com. auhttp://simontarmo. blogspot. com/

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