quinta-feira, 9 de novembro de 2017

Chinese firms plan bid for railway linking Brazil’s grain regions | South China Morning Post

Chinese firms plan bid for railway linking Brazil’s grain regions | South China Morning Post:


With 1,100km, Ferrogrão will connect grain-producing regions in Brazil’s centre-west to the port of Miritituba, in the northern Pará state. The railway is expected to be an alternative to BR-163 road, currently the only way to take grains from central Brazil to northern ports.
The project is estimated to demand 12.6 billion reais (US$3.89 billion) in investments.
“The Chinese are very interested in Ferrogrão,” he said, referring to state-owned enterprises in sectors such as cement and steel.
In May, Brazilian and Chinese officials launched a joint Brazil-China investment promotion fund to increase productive capacity.
The fund has an initial sum of US$20 billion to finance investment projects in Brazil that are of interest to both countries.
In June, Jorge Arbache, foreign affairs secretary of Brazil’s planning ministry, said the fund was ready to receive investment pitches.
He said the fund’s investment decisions will be made by a committee composed of Brazilian and Chinese officials, taking into account both countries’ priorities.
The fund agreed on last year is expected to help finance the construction of railways. This will link Brazilian soy- and corn-producing areas to ports, potentially boosting Brazil’s economy as it slowly emerges from a deep recession.
China also stands to gain because it is a large buyer of Brazilian grains.

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