BRICS in action: China helps Brazil to improve infrastructure
By Frans van Hees | www.AboutBrasil.com | Week 21, May 2015
Rio de Janeiro — Fellow
BRICS partner China will invest US$ 50 billion (some EUR 44 billion) in Brazil(
BRICS is made up of the largest players among the emerging economies: Brazil, Russia, India, China and South Africa). This was announced by the Brazilian government. The investments are focused on
infrastructure for export.
Prime Minister of China Li Keqiang is expected in Brazil on Tuesday.
"It's about US$ 50 billion in new projects," says José Graça Lima, Brazilian diplomat in charge of relations with Asia and Oceania at the Ministry of Foreign Affairs in Brasilia.
According to the diplomat details will be given after the visit of China's Prime Minister.
Li Keqiang about to meet with President Rousseff
On Tuesday, Li Keqiang will meet president of Brazil Dilma Roussef, in order to finalize the agreements. These include
investments in railways, highways, ports and airports.
In this way China hopes to create a 'gateway' for the export of products from Brazil to its own market. The supply route would go by the Amazon River and through Peru.