BergerWorld: 3rd Quarter 2005

Rio de Janeiro is known as the "Marvelous City" of Brazil. A center of commerce and culture, the city is home to over 11 million people and occupies 1,170 square kilometers surrounding Morro del Castelo. Currently, 400,000 passengers per day use the 220-kilometer SuperVia lines, which link the suburban communities with the metro line serving central Rio. SuperVia was privatized in 1999 and is currently run by a consortium, including Spanish National Railways. On behalf of a prospective investor, the Berger Group conducted a due diligence analysis of SuperVia.

A team of Berger experts analyzed existing ridership data and assessed the condition of the existing rolling stock, track, rail stations, depots, signaling systems and other equipment. The Team also reviewed annual maintenance expenses, evaluated the overall strengths and weaknesses of the current system, analyzed opportunities for improved efficiency, forecasted likely ridership demand over the next four years and identified capital and operational improvements which might spur ridership revenues.