China Railway No 10 Engineering Group, a subsidiary of China Railway Engineering Corporation (CREC), is in talks with Brazilian clients to build two big-ticket railway-related infrastructure projects with a total contract value of USD 2.6 billion, its executives said.
The two major projects include building a port-railway-mine complex in eastern Brazil’s Bahia state and a railway infrastructure upgrading project for Brazil’s Western Railway Line. The project values are USD 2 billion and USD 600 million, respectively.
The Chinese company said it has signed a memorandum of understanding with the Bahia state government and the China-Latin America Fund, a Chinese government fund, regarding the port-railway-mine complex project, as well as sending a team to the Bamin mine, port and railway siding in Bahia state to conduct a feasibility study. An operational plan has already been drawn up.
CREC No 10 Group’s project for upgrading the Western Railway Line currently is the subject of talks with National Railway Company of Brazil. The Chinese company started a feasibility study on the project in the first half of 2016.
CREC No 10 Group has established companies in Venezuela, Brazil and Peru and begun to fund new projects through the public-private partnership model.
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