Train buy.Brazil's Ferrovias Norte (Ferronorte) is buying 50 locomotive locomotive, vehicle used to pull a train of unpowered railroad cars. Types of Locomotives The steam-powered locomotive played a key role during the development and golden age of railroading, but, despite its long and picturesque history, it has trains valued at US$88 million from U.S.-based GE Transportation Systems in a complex deal involving Banco Santander Noroeste and the Export-Import Bank of the United States Export-Import Bank of the United States (Ex-Im Bank) One of the principal U.S. government agencies in international finance. Originally incorporated as the Export-Import Bank of Washington in 1934, its goal is to help finance U.S. . Under the Ex-Im Bank See Export-import Bank. loan agreement, Banco Santander Noroeste will buy the locomotives from GE Transportation and then lease them to Ferrronorte for eight years. At the end of the eighth year, Ferronorte takes ownership of the locomotives, which will be used on a 1,300-kilometer rail line the company is building to link Brazil's central west agricultural region with the Santos Santos (sän`t  s), city (1996 pop. 412,288), São Paulo state, SE Brazil, on the island of São Vicente in the Atlantic just off the mainland. port near Sao Paulo.
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