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NEWS
March 6, 1989 | From Reuters
The nation's north-south railway, the most controversial project launched by President Jose Sarney, began operating on its first 62-mile stretch over the weekend, officials said. The $2.44-billion railway is to link Sarney's home state of Maranhao in the northeast to Luziania in the central state of Goias. It is intended to help develop the agricultural potential of central Brazil, but the 1,000-mile project has been surrounded by charges of corruption from the beginning.
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NEWS
March 6, 1989 | From Reuters
The nation's north-south railway, the most controversial project launched by President Jose Sarney, began operating on its first 62-mile stretch over the weekend, officials said. The $2.44-billion railway is to link Sarney's home state of Maranhao in the northeast to Luziania in the central state of Goias. It is intended to help develop the agricultural potential of central Brazil, but the 1,000-mile project has been surrounded by charges of corruption from the beginning.
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BUSINESS
March 4, 1985 | JUAN de ONIS, Times Staff Writer
Brazil has strengthened its position as the world's No. 1 exporter of iron ore with the inauguration last week of the Carajas-Sao Luiz railroad that links vast mineral reserves in the eastern Amazon to a deep-water port. Brazil, with a $100-billion foreign debt, has to increase its exports to cover interest payments of at least $10 billion a year, and the Carajas project is one of the country's major prospective exchange earners.
BUSINESS
March 4, 1985 | JUAN de ONIS, Times Staff Writer
Brazil has strengthened its position as the world's No. 1 exporter of iron ore with the inauguration last week of the Carajas-Sao Luiz railroad that links vast mineral reserves in the eastern Amazon to a deep-water port. Brazil, with a $100-billion foreign debt, has to increase its exports to cover interest payments of at least $10 billion a year, and the Carajas project is one of the country's major prospective exchange earners.
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