BNDES announced today (Thursday September 1st) a loan of R$ 144 million to CFN RR, for the recovery of the rolling stock, track and operational improvements in the states of Maranhão, Piauí, Ceará, Paraíba and Pernambuco. The investments will raise CFN`s annual capacity from one billion to 1,3 billion Net Tons/km still this year.
The expectation is that the commercial speed of the trains may pass from 10 km/h to up to 22 km/h in some stretches and the cycle may be reduced in up to 60%. Its investments are also going to increase the competitiveness among the Northeastern companies that use CFN`s services. The project foresees hiring about five thousand workers, technical personel and engineers.
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