The U.S. Will Invest $1 Billion in Brazil for Oil and Gas Projects, Infrastructure, Mining, Angra 1 Nuclear Plant Renovation, and Telecommunications

Written by Flavia Marinho

Published on 22/10/2020 at 10:52

O investimento no Brasil anunciado pelo Banco dos EUA também será para a compra, por produtores brasileiros, de aviões agrícolas produzidos no Texas

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The Investment in Brazil Announced by the U.S. Bank Will Also Be for the Purchase by Brazilian Producers of Agricultural Aircraft Produced in Texas

On last Tuesday (10/20), the Export-Import Bank of the United States (EximBank) and the Ministry of Economy signed a memorandum of understanding that provides for the offer of up to 1 billion dollars (about 5.6 billion reais) in credit from the U.S. government to finance projects in Brazil in oil and gas, infrastructure, mining, the refurbishment of the Angra 1 nuclear plant, telecommunications, among others.

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According to Kimberly Reed, the President of the U.S. bank, the amount includes US$ 345 million for refurbishments at the Angra 1 plant by the American company Westinghouse. Resources will also be invested for the purchase, by Brazilian producers, of agricultural aircraft produced in Texas.

The document signed in a ceremony at Itamaraty also establishes commitments between Brazil and the U.S. to advance cooperation in the trade of goods and services, especially in the sectors of telecommunications and 5G, energy, infrastructure, logistics, mining, and manufacturing.

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The U.S. Will Invest $1 Billion in Brazil for Oil and Gas Projects, Infrastructure, Mining, Angra 1 Nuclear Plant Renovation, and Telecommunications

The Investment in Brazil Announced by the U.S. Bank Will Also Be for the Purchase by Brazilian Producers of Agricultural Aircraft Produced in Texas

Read Also

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The U.S. Will Invest $1 Billion in Brazil for Oil and Gas Projects, Infrastructure, Mining, Angra 1 Nuclear Plant Renovation, and Telecommunications

The Investment in Brazil Announced by the U.S. Bank Will Also Be for the Purchase by Brazilian Producers of Agricultural Aircraft Produced in Texas

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With billions in loans, China is rebuilding Nigeria’s railway network from scratch, abandoning the British colonial tracks that have turned to scrap and creating a corridor of over 1,300 km to take the load off the roads of Africa’s largest economy.

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Forget petroleum-based asphalt: a Scottish company transforms 684,000 plastic bottles into one kilometer of road that is 60% more resistant and up to 10 times more durable, and the technology has already started replacing traditional asphalt in more than 30 countries.

A British company has installed in the middle of the ocean the world’s first floating platform that generates electricity 24 hours a day from the temperature difference between the surface and the depths of the Atlantic, without relying on wind or sun.

Austrian engineers have developed an inflatable concrete technology that transforms flat slabs into domes using only air pressure, eliminating scaffolding and temporary forms, and potentially changing the way bridges, tunnels, and curved roofs are constructed worldwide.

A robot named Walter does the work of five bricklayers per hour and can save the construction industry, where the average age of professionals is 46 years and almost no one wants to learn the trade anymore, in the United Kingdom.

The James Webb telescope spotted a planet 700 light-years from Earth with mornings full of sand clouds and nights with clear skies, the temperature difference between the two hemispheres reaches an impressive 170 degrees.

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