Brazil is a major global economy, thanks mainly to foreign investments and exports. However, its ambitious growth plans are hindered by inadequate infrastructure. The government is now actively seeking international investors, including China, to participate in infrastructure projects.
In the heartland of Brazil, known as Matopiba, a thriving farming district faces challenges due to limited infrastructure, particularly in logistics.
A 1,500-kilometer railway project, part of Brazil’s $350 billion Growth Acceleration Program (PAC), is underway to address these issues and boost the economy.
@bricsglobal Brazil seeks international investors, including China, to boost infrastructure #bgtvnetwork #bgtn #starsat120 ♬ Danger – SoundAudio
CGTN’s Paulo Cabral reports:
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Brazil army
Erevelton Kosciuresky, Brazilian Army Lt-Col and Commander of the 4th Engineering Division highlighted the potential for local development through these projects, benefiting small and medium enterprises.
While the Brazilian Army is currently constructing the railway, the government aims to engage local and international private partners, including investors and contractors, for nationwide infrastructure projects.
Expanding a large solar energy park with private investment and duplicating the road connecting Barreiras and Luis Eduardo Magalhães are part of the comprehensive plan.
The local airport is set for expansion, with a 700-meter runway extension and a significantly larger manoeuvring apron, enabling larger flights, including jet aircraft.
Brazil’s government has actively engaged with foreign officials and investors, particularly Chinese companies and diplomats, to promote the Growth Acceleration Program.
Rui Costa, Brazilian Minister and Chief of Staff to the President, expressed hopes that the program would foster closer ties with other countries and international investors, especially China.
While the region anticipates growth, environmental concerns loom large. The balance between development and environmental preservation remains a top priority.
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