The CEO of EPL (Empresa de Planejamento e Logística), Bernardo Figueiredo, said yesterday that the bullet train between Campinas, São Paulo and Rio de Janeiro have a estimated cost similar of making a new highway connecting the two largest cities of the country and two new airports, one in each city.
The calculations of the company responsible for designing the high-speed rail show that the project will cost approximately $15.62 billion. The construction of new airports and the highway was estimated at $13.61 billion.
Figueiredo said at a public hearing in the Senate that the government studies show that in 2008 there were 7.8 million passengers per year using the stretch between São Paulo and Rio de Janeiro on highways and railroads.
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According to him, until 2044, the number of passengers between the two cities will be 53 million per year and could only be met with the construction of a new highway and two new airports, one in each city.
Out of the passengers of the year 2044, it is projected that 27 million would use the railroad. Without the bullet train, he said, would be needed to build the airports and the new road to meet this demand. Investment in the high-speed rail is sustainable in the long term, said Figueiredo.
The CEO of the state-owned company reiterated that the project would be carried out with public funds close to zero. According to the state-owned company’s calculations, the bullet train concession for an operating company will generate about $13.39 billion in grant payments to the government.
The auction to choose this concessionaire begins on August 13. The start of the construction stage is planned for next year.
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