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More Than 60 Chinese Companies Participated in Meeting on Long-Term Investments in Brazil with the Ministry of Infrastructure
According to the Chinese ambassador to Brazil, Yang Wanming, Chinese companies have been optimistic about the long-term investment prospects in Brazil. He also highlighted the possibility of the Brazilian state becoming part of the Belt and Road Initiative, which has already mobilized more than US$ 110 billion in investments worldwide.
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“Chinese companies closely monitor specific projects in this sector and are optimistic about the long-term investment prospects in Brazil, and are willing to intensify and expedite communications to find cooperation models that are consistent with the expectations of both parties”, he said.
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The ambassador’s statement opened the meeting between the Brazilian government and Chinese companies, promoted by the Chinese Embassy in Brazil and the Ministry of Infrastructure. More than 60 Chinese companies participated in the meeting.
The Ministry of Infrastructure presented investment projects in ports, airports, railways, and roads totaling US$ 44.6 billion available for auctions, highlighting Ferrogrão, which is expected to connect Mato Grosso to Pará.
“Ferrogrão is an important project for us because the railway connects the center of the country, Mato Grosso, where we have a large production of soy and corn, to the northern ports. We expect freight prices to decrease by 40% in the sector. Ferrogrão is a priority for the government”, said Natália Marcassa, the Secretary of Promotion, Planning, and Partnerships of the ministry.
China Aims to Include Brazil in the Belt and Road Initiative
The Chinese ambassador also informed that the country is “attentive” to include Brazil in the Belt and Road Initiative, a Chinese project for infrastructure investments around the world.
“Over the seven years since the launch of the Belt and Road Initiative, China has already made an investment of more than US$ 110 billion in over 2000 projects, a significant portion of which is in infrastructure. We are attentive to include Brazil in this initiative, which will certainly intensify the alignment of growth policies and broaden the horizon of bilateral infrastructure cooperation”, he added.
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