Mitsui group won’t bid in Brazil rail tender-Kyodo

TOKYO, Nov 26 (BestGrowthStock) – A consortium of Japanese companies
led by Mitsui & Co (8031.T: ) will not take part in a tender by the
Brazilian government for a high-speed railway project, Kyodo news
reported.

The group made the decision amid uncertainty over whether the
project would be profitable over 40 years, during which time the
companies would hold management responsibility, Kyodo news said
late on Thursday, citing unspecified sources.
(Reporting by James Topham; Editing by Edmund Klamann)

Mitsui group won’t bid in Brazil rail tender-Kyodo