The Chinese government has proposed to Brazil creating a binational state-owned company that would build the 1,527 km West-East Integration Railroad (Fiol), in a model that could be replicated in other Chinese investments in Brazilian rail transport.
Transportation Minister Maurício Quintella Lessa said the proposal preceded his trip to Shanghai. According to him, the Michel Temer government will study the proposal. Valec, a state-owned company, holds the Fiol concession and has already invested 4 billion reais (1.1 billion euros) in the project.
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