“There are 50 billion in new projects,” said Jose Graca Lima, Brazil’s Undersecretary of National with appropriate responsibility for Asia and Oceania. “We shall have to await the end of the visit to expand upon which projects,” he said.
China will invest 50 billion dollars to help overhaul Brazil’s aging infrastructure, the government announced on Thursday, ahead of an official visit by Chinese Prime Minister Li Keqiang next week. Brazil has repeated that it was determined to overhaul its dilapidated roads, railways, airports and ports.
China has been Brazil’s chief trading partner since 2009 and one of its major sources of foreign investment . Bilateral trade jumped by thirteen between 2001 and 2013 at the same time as it reached 83.3 billion dollars.