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China's billion-dollar investment in new railway promises to transform agribusiness in Pará. With an investment of R$37 billion, the Greenfield Railway will be a milestone in the sector, facilitating the export of agricultural products and boosting the region's economy. The initiative aims to modernize the logistics infrastructure and improve the competitiveness of Brazilian products in the global market.
A Pará Economic Development Company (CODEC), in collaboration with Chinese state-owned company Sino-Lac Supply Chain, is leading an ambitious Chinese investment project in Brazil. This project aims to create a robust logistics structure to facilitate the export of Brazilian products, such as food, animal and vegetable proteins, to the Chinese market. With a strategic focus on agribusiness in Pará, the new railway promises to revolutionize the local economy, boosting the competitiveness and presence of Brazilian products in China. The planned infrastructure should significantly improve the efficiency of production flow, consolidating Pará as an important agro-industrial hub in Brazil.
Understand the partnership between China and Brazil
China's investments in Brazil, which aims to create an integrated logistics platform, that is, which encompasses storage, customs clearance, phytosanitary certification, as well as packaging and transportation, is a pioneering initiative in Latin America, and promises to change agribusiness in Pará.
O project, which began negotiations in 2020, intends to unify the industrial port area of Barcarena with the logistics platform of the port of Zhuhai, in southern China.
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The choice of the port region of Barcarena as the best option in the country, to receive these investments from China in Brazil, resulted from studies that have been carried out by the Chinese company since 2017, where the state's strong protein production chain had great weight, especially the animal (meat), which has 4 plants qualified for export.
Alternatives were discussed for the implementation of product processing plants within the future Barcarena Export Processing Zone (ZPE), due to the significant tax and customs advantages that they would bring to the price of the products. Such alternatives are being explored in depth by a bilateral commission involving representatives from Pará and Sino-LAC.
Chinese investments in Brazil reach R$38 billion
At the same time, China's investments in Brazil in infrastructure in the State of Pará are being allocated by the federal government and promise to change agribusiness in Pará, with the construction of a new Greenfield Railway project.
A The expectation is that R$ 38 billion foreseen in the New Growth Acceleration Program (PAC) of the federal government, over the four years, infrastructure capable of creating conditions for the so-called Arco Norte to be the exit door for an increasingly larger share of the Central-West grain harvest.
The region produced around half of the 193 million tons exported by Brazil last year. According to the Association of Port Terminals and Cargo Transshipment Stations of the Amazon Basin (Amport), 37% of exported agricultural bulk, such as corn and soybeans, passed through the nine ports represented by the entity, six of them in Pará.
It is worth mentioning that in April 2023, the governor of Pará, Helder Barbalho, the deputy president of Communications Construction Company (CCCC), Sun Liqiang, and Vale's executive vice president of Corporate and Institutional Affairs, Alexandre Silva D'Ambrosio, signed a Memorandum of Understanding from the Pará Greenfield Railway, integrating Marabá with the port of Vila do Conde, in Barcarena.
New Greenfield Railway will receive investments of R$ 10 billion
According to the governor, the investments necessary for the construction of the new Greenfield Railway, which will change agribusiness in Pará, are in the order of R$10 billion.
The objective is to connect the municipalities of Barcarena, in the northeast region of the State, with municipalities in the southeast of Pará, such as Marabá and Parauapebas, and from there to the municipality of Açailândia, in Maranhão, with the North-South railway for the transport of people and drainage. of cargo produced in Pará, especially mining and farming, activities characteristic of the region.
Pará continues to be a Brazilian power in mineral exports, according to data from the “Boletim Indústria Mineral do Pará”, released in 2022 by the Mineral Industries Union (Simineral). Among Pará's export products, 84% are minerals. The sector generated US$18,1 billion last year alone, with China as the main buyer.
From where to where? In the current situation we live in, I don't believe in works.
PCC Railway Company.
This is called development, which the previous government did not have.
Long live our president Lula, the guy is a magician, as long as he admits it, things start to happen.
It goes from nowhere to nowhere. Idle talk to make **** sleep.