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Novoeste (railway Company)
The Rede Ferroviária Federal, Sociedade Anônima (RFFSA, pronounced as ''Refesa'') () was the State-owned national railway company of Brazil created from ''Brazilian Federal Law #3.115'' on March 16, 1957, after several railroads were nationalized by the Brazilian government. However, the railroad did not take full effect until September 30, 1957. The RFFSA linked 42 railways together (both on documents and actual railroads), creating a regional system composed of 22 railroads. The goal of the RFFSA was to promote and advance the railroad sector of Brazil, creating a north-south-east-west rail network in all five regions of Brazil. But it failed and the RFFSA only served four of the five regions with a north-south rail network win 19 units of the federation of Brazil. By 1999, freight service of the railroad was liquidated and privatized, with the passenger service of the railroad liquidations occurring in 2007. Federal Authority According to ''Article 7 of Law #3.115'' which ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
State-owned Enterprise
A state-owned enterprise (SOE) is a Government, government entity which is established or nationalised by the ''national government'' or ''provincial government'' by an executive order or an act of legislation in order to earn Profit (economics), profit for the Government, government, control monopoly of the Private sector, private sector entities, provide products and services to citizens at a lower price and for the achievement of overall financial goals & developmental objectives in a particular country. The national government or provincial government has majority ownership over these ''state owned enterprises''. These ''state owned enterprises'' are also known as public sector undertakings in some countries. Defining characteristics of SOEs are their distinct legal form and possession of Profit (economics), financial goals & developmental objectives (e.g., a state railway company may aim to make transportation more accessible and earn profit for the government), SOEs ar ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
