By Brazil Stock Guide – Brazil’s development bank BNDES has approved R$2 billion ($410 million) in financing for Rumo S.A. (RAIL3), backing the completion of the first phase of the Mato Grosso Railway, a key logistics project aimed at easing bottlenecks in the country’s largest grain-producing state.
The funding will be provided through the subscription of debentures in an issuance coordinated by BNDES itself. The resources will be used to finalize a 162-kilometer stretch linking the municipalities of Rondonópolis and Dom Aquino. Construction of this initial phase is expected to be completed in the second half of 2026.
The investment is part of a broader railway project that foresees roughly 743 kilometers of track to be built in five phases. Once fully implemented, the line will connect Rondonópolis to Lucas do Rio Verde, with an additional branch to the state capital, Cuiabá, strengthening integration between road and rail transport.
BNDES said the project is expected to generate about 114,000 jobs across its development stages. The railway is designed to expand the flow capacity for Mato Grosso’s agricultural output, reduce logistics costs and relieve pressure on highways, while also lowering carbon emissions compared with road transport.
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