China is preparing a preliminary agreement with Brazil and Peru for the construction of a US$9.97 billion bi-national railway connecting the Atlantic Ocean in Brazil to the Pacific Ocean in Peru.
Chinese Premier Li Keqiang is due to visit Brasília next week to seal China's partnership with Brazil, as part of a visit to map out an overall economic cooperation deal involving a total of US$53.3 billion in investments across various sectors such as mining, energy and manufacturing, as well as transportation infrastructure.
The aim of the deal is to support Brazil with investments and knowhow and to give Chinese companies a chance to participate, and potentially win, some of the tenders to build sections of the railway.
One of the negotiations furthest along involves the Campinorte-Lucas do Rio Verde railroad stretch, between Goiás state and Mato Grosso state. Chinese Railway Construction Company (CRCC) is seeking partnerships with Brazilian firms.
President Dilma Rousseff will be announcing the project [by July] as part of the country's national infrastructure concessions program, the report said.
In recent years, Brazil has been ranked third out of those countries which receive Chinese investments.
Chinese Premier Li Keqiang is due to visit Brasília next week to seal China's partnership with Brazil, as part of a visit to map out an overall economic cooperation deal involving a total of US$53.3 billion in investments across various sectors such as mining, energy and manufacturing, as well as transportation infrastructure.
The aim of the deal is to support Brazil with investments and knowhow and to give Chinese companies a chance to participate, and potentially win, some of the tenders to build sections of the railway.
One of the negotiations furthest along involves the Campinorte-Lucas do Rio Verde railroad stretch, between Goiás state and Mato Grosso state. Chinese Railway Construction Company (CRCC) is seeking partnerships with Brazilian firms.
President Dilma Rousseff will be announcing the project [by July] as part of the country's national infrastructure concessions program, the report said.
In recent years, Brazil has been ranked third out of those countries which receive Chinese investments.
