Regulatory changes shouldn’t deter rail investors

Overview

Brazil’s rail sector is racing towards another regulatory crossroads more than a decade after the successful government privatization in the late 1990s. At stake is the development of the country’s rail transport over the next decade as well as Brazil’s ability to achieve its unrealized potential as an efficient, low-cost exporter to the world. While proposed regulatory changes should not impair, and could moderately improve the sector’s growth prospects in the medium term, it will be...