The rusting tracks of Brazil’s Transnordestina railway peter out and give way to a dirt trail in a remote corner of the country’s arid northeast, far from the ports or farms it was meant to serve. No trains run on these tracks, and the cleared path for one of Brazil’s most ambitious infrastructure projects is used only by local cars and the odd stray cow. It was scheduled to be delivered next month, but after 10 years of construction and 6 billion reais ($1.76 billion) of mostly public investment, the 1,700-km project is only half complete. As a new center-right government seeks billions of dollars in private investment for airports, roads and railways, the Transnordestina highlights the challenge of resolving Brazil’s massive infrastructure problems, especially now that the worst recession in decades has battered its ability to finance public works. ...
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