China-backed rail project part of Brazil's infrastructure program

[TaiShang]

China-backed rail project part of Brazil's infrastructure program
June 10, 2015

A China-backed transcontinental train project which fits into the latest phase of a Brazilian national infrastructure program was unveiled Tuesday.

At an official ceremony, Brazil's President Dilma Rousseff presented her government's Logistics Investment Program, an updated version of a plan launched in 2012 to spur economic growth and boost connectivity.

"Over the coming years, Brazil's transport sector will see an investment of some 198.4 billion reals ($64 billion) to modernize the country's airports, highways, trains and ports," the official government website reported.

In her speech Tuesday, Rousseff highlighted the importance of the proposed transcontinental train to improve Brazil's trade prospects.

"By linking the Atlantic to the Pacific, Brazil gains special access to the Asian markets, and given international trade transactions, that represents something extremely strategic," said Rousseff.

"The expansion of Brazil's rail network is essential to becoming more efficient and relieving the burden of cargo transport by land," she added.

She also highlighted China's vast experience in rail building, saying it is something Brazil lacks, since it has undertaken few rail projects in the past 30 years.

Brazil's railway networks, meanwhile, which are mainly in the south, southeast and northeast of the country, account for only 24 percent of the total capacity of the nation's current transportation system. About 35 percent of the railway system was built 60 years ago.

The train linking Brazil's Atlantic coast with Peru's Pacific coast would go across the agricultural heartland of Mato Grosso State, State of Para rich in mining resources, and create a South American trade corridor that would make it easier for Brazil, China's main trading partner in Latin America, to export products to China, without having to go through the Panama Canal to the north.

According to the investment program, the total investment in rails amounts to 86.4 billion reals ($27.8 million).

The coast-to-coast train was one of the main cooperation projects between China and Latin America promoted by Chinese Premier Li Keqiang during his four-nation tour of South America in May, which included Peru, the Pacific terminal of the proposed railway.

A joint feasibility study on the proposed train is expected to be ready by May 2016 and environment protection will be considered as a priority.

 

[Shotgunner51]

"Over the coming years, Brazil's transport sector will see an investment of some 198.4 billion reals ($64 billion) to modernize the country's airports, highways, trains and ports," the official government website reported.

After the good news on power grid i.e. UHV transmission, now Brazil will modernize airports, highways, rails/trains and sea ports, a lot of opportunities for China-Brazil deals. Financing-wise, bilateral? or multilateral (e.g. BRICS bank / NDB)?

China to invest $50 bn in Brazil infrastructure projects | The BRICS Post

I want to see more on manufacturing as well, like what GREE Air-Conditioning, FOXCONN are already doing in Brazil.

 

[Hamartia Antidote]

Well let's hope it goes through successfully...but uh...well..they aren't known for fiscal responsibility.

Note how things can spiral badly:

World Cup by the numbers: Most expensive ever!
"The estimated cost for hosting the games is said to be more than $11 billion—making it the most expensive World Cup since the competition began 84 years ago. That has led to charges of corruption and accusations of over spending by the Brazilian government, instead of improving the local infrastructure and housing conditions.
Many game venues are reportedly still under construction and some that are finished are said to be in poor condition."

Brazil’s Humiliation: How to Lose 7–1 - The New Yorker

Dilma Rousseff, Brazilian president, defends World Cup spending - World - CBC News

Brazil's World Cup Legacy Includes $550M Stadium-Turned-Parking Lot : Parallels : NPR

Brazil in crisis mode as ruling party sees public trust rapidly dissolving | World news | The Guardian

Could Brazil's epic World Cup loss cost its president her job? - Vox

 

[Galad]

Well let's hope it goes through successfully...but uh...well..they aren't known for fiscal responsibility.

Because your country is known for it right? Well I guess in your mind and mind of rest of your kind it is-with 18+trillions in debts and trillion deficit per year.And the "news" you are posted like proof of Brazil faults mean nothing as everything else produced by your MSM. Suggestion - don't worry for Brazil and their fiscal responsibility.Better start worry for USA fiscal responsibility...which is non-existent.
I guess part from investment might come from BRICS bank later .

 

[IR-TR]

Now let's wait for all those 'grass roots protests' trying, and perhaps even succeeding in derailing this project. The last few days I've been tallying what China has been doing in Africa, Latin America and China's own neighbourhood. It's fascinating how a single country (sure, with 20% of the world's population and a gigantic economy which is still growing) has almost single handedly lifted all those countries out of the economic slum. I'm not trying to be racist, but there are many countries in Africa in which people used to walk 20 miles to carry water in buckets on their heads, who are now building skyscrapers, roads, rail and ports. It's amazing. Same for the near China countries (Laos, Myanmar etc).

How does China get repaid for this by the West especially? RED SCARE! Yellow fever!! New colonists!! Damn liars. At least China gives a lot back, and wants to create new markets. Sure, in the beginning the average Kenyan couldn't even push a wheelbarrow, so China brought in an army of it's construction workers. But now, it's all local people, with Chinese engineers and supervisors. Sure, the loans/grants come from China, so Chinese steel etc is used, but WTF did anybody else do in all those centuries?

Now I can't even begin to imagine what will happen to those countries when India starts to join the fray in earnest. Two gigantic, resource and market-hungry nations, competing (or cooperating) to invest in Africa and South East Asia. Wow, they'll have a couple hundred billion in investments coming.

Final thing: pathetic how a president/prime ministeer can stop a FIFTEEN billion dollar port because of 'concerns', probably from other countries. Sri Lankans were wiping their behind bare handed until a few years ago. Anyway, let's hope India and China team up and start a dozen Silk Roads etc.

 

[Hamartia Antidote]

Because your country is known for it right? Well I guess in your mind and mind of rest of your kind it is-with 18+trillions in debts and trillion deficit per year.And the "news" you are posted like proof of Brazil faults mean nothing as everything else produced by your MSM. Suggestion - don't worry for Brazil and their fiscal responsibility.Better start worry for USA fiscal responsibility...which is non-existent.
I guess part from investment might come from BRICS bank later .

What is your problem?
I said I hope it goes through ok.

I just was saying I hope they don't turn something noble into a big boondoggle of corruption that ruins everything.

Now let's wait for all those 'grass roots protests' trying, and perhaps even succeeding in derailing this project.

If they stick to the plan the protests will be low but if it triples in cost and sends a rail track to the middle of nowhere people are going to protest....and to no avail. The project will go through and after its done people will start screaming... Just like the World Cup.

 

[IR-TR]

What is your problem?
I said I hope it goes through ok.

I just was saying I hope they don't turn something noble into a big boondoggle of corruption that ruins everything.



If they stick to the plan the protests will be low but if it triples in cost and sends a rail track to the middle of nowhere people are going to protest....and to no avail. The project will go through and after its done people will start screaming... Just like the Olympics.

Well, if anything, the Chinese are known to get stuff done: on time and on budget. (and honestly, if not on budget, I mean the Chinese have quite the warchest) On top of that, don't think for a second the Chinese would invest in anything that doesn't have a nice return on investment, either long term-wise or politically. High speed rail in Brazil is definitely needed, it's a growing 200 million+ country, full of minerals and resources, and indeed a big market for Chinese goods. So, unless outside noises derail this, this project will be a gigantic boost for Latin America.

 

[Azizam]

Now let's wait for all those 'grass roots protests' trying, and perhaps even succeeding in derailing this project. The last few days I've been tallying what China has been doing in Africa, Latin America and China's own neighbourhood. It's fascinating how a single country (sure, with 20% of the world's population and a gigantic economy which is still growing) has almost single handedly lifted all those countries out of the economic slum. I'm not trying to be racist, but there are many countries in Africa in which people used to walk 20 miles to carry water in buckets on their heads, who are now building skyscrapers, roads, rail and ports. It's amazing. Same for the near China countries (Laos, Myanmar etc).

How does China get repaid for this by the West especially? RED SCARE! Yellow fever!! New colonists!! Damn liars. At least China gives a lot back, and wants to create new markets. Sure, in the beginning the average Kenyan couldn't even push a wheelbarrow, so China brought in an army of it's construction workers. But now, it's all local people, with Chinese engineers and supervisors. Sure, the loans/grants come from China, so Chinese steel etc is used, but WTF did anybody else do in all those centuries?

Now I can't even begin to imagine what will happen to those countries when India starts to join the fray in earnest. Two gigantic, resource and market-hungry nations, competing (or cooperating) to invest in Africa and South East Asia. Wow, they'll have a couple hundred billion in investments coming.

Final thing: pathetic how a president/prime ministeer can stop a FIFTEEN billion dollar port because of 'concerns', probably from other countries. Sri Lankans were wiping their behind bare handed until a few years ago. Anyway, let's hope India and China team up and start a dozen Silk Roads etc.

Unfortunately true. If it happened with the USA, US would have taught those walking trash a good lesson. That retarded decision must have destroyed investor confidence for a decade. Now no one would want to invest large sums of money. Apparently we have a group of "geniuses" in SL who have too much influence and want to keep the country as their holiday paradise by keeping it backward.

 

[TaiShang]

China becomes biggest buyer of Brazilian oil
June 10, 2015

Chinese premier Li Keqiang with Brazilian President Dilma Rousseff in Brasilia, Brazil on 19 May 2015 [Xinhua]


Brazil’s oil exports to China increased threefold in the first five months of this year, making Beijing the largest consumer of Brazilian oil in the world.

Brazil exported 5.4 million tons of oil to China from January to May, accounting for 35 per cent of Brazil’s total oil exports in the same period. The amount of oil shipped to China is twice as much as that to the United States.

Earlier this year, Brazilian President Dilma Rousseff and Chinese Premier Li Keqiang unveiled $10 billion in Chinese credit to Brazilian oil giant Petrobras.

Petrobras has completed negotiations with the China Development Bank (CDB) for a 10-year bilateral credit line worth $10 billion.

China’s higher demand for oil also helped Brazil achieve record oil exports of 15 million tons from January to May, up 80 per cent from the same period last year.

However, as oil prices have fallen significantly over the past months, the record sales did not generate corresponding high revenues.

With increased oil purchases, China has become the largest buyer of four major Brazilian products. The other three are soybeans, iron ore and cellulose.

China replaced the United States to become Brazil’s largest trade partner in 2009.

Sino-Brazilian trade value amounted to $86.67 billion in 2014.

 

[IR-TR]

China becomes biggest buyer of Brazilian oil
June 10, 2015

Chinese premier Li Keqiang with Brazilian President Dilma Rousseff in Brasilia, Brazil on 19 May 2015 [Xinhua]


Brazil’s oil exports to China increased threefold in the first five months of this year, making Beijing the largest consumer of Brazilian oil in the world.

Brazil exported 5.4 million tons of oil to China from January to May, accounting for 35 per cent of Brazil’s total oil exports in the same period. The amount of oil shipped to China is twice as much as that to the United States.

Earlier this year, Brazilian President Dilma Rousseff and Chinese Premier Li Keqiang unveiled $10 billion in Chinese credit to Brazilian oil giant Petrobras.

Petrobras has completed negotiations with the China Development Bank (CDB) for a 10-year bilateral credit line worth $10 billion.

China’s higher demand for oil also helped Brazil achieve record oil exports of 15 million tons from January to May, up 80 per cent from the same period last year.

However, as oil prices have fallen significantly over the past months, the record sales did not generate corresponding high revenues.

With increased oil purchases, China has become the largest buyer of four major Brazilian products. The other three are soybeans, iron ore and cellulose.

China replaced the United States to become Brazil’s largest trade partner in 2009.

Sino-Brazilian trade value amounted to $86.67 billion in 2014.

Quite pathetic the US: not even the largest trading partner in it's own 'back yard'. Monroe must be rolling in his grave.

 

[terranMarine]

That's because the US doesn't have to import too much oil unlike China.

 

[IR-TR]

That's because the US doesn't have to import too much oil unlike China.

Sure, but still, the US can't like this. Trade makes for good relations. Not that China would become the boss in Latin America, but the Latin countries would indeed resist anti-China policies, which the US would like for them to adopt.

 

[terranMarine]

Sure, but still, the US can't like this. Trade makes for good relations. Not that China would become the boss in Latin America, but the Latin countries would indeed resist anti-China policies, which the US would like for them to adopt.

What other choice do the Americans have other than spending more on oil import? It's either this or complaining about China's influence in their backyard by calling us the new colonial master.

 

[Shotgunner51]

I'm not trying to be racist, but there are many countries in Africa in which people used to walk 20 miles to carry water in buckets on their heads, who are now building skyscrapers, roads, rail and ports. It's amazing. Same for the near China countries (Laos, Myanmar etc).
...
Sure, in the beginning the average Kenyan couldn't even push a wheelbarrow, so China brought in an army of it's construction workers. But now, it's all local people, with Chinese engineers and supervisors. Sure, the loans/grants come from China, so Chinese steel etc is used, but WTF did anybody else do in all those centuries?

The $12B railway in Nigeria is close to completion, finally Nigerians have their first modernized railway, congrats to them. During the process 200,000 local job are created, and these trained/skilled locals would then become a major productive workforce for their future economic development, again congrats to Nigerians.

China to Build $12 Billion Railway in Nigeria

非洲首条“中国造”铁路全线贯通(组图)-筑龙新闻

 

[IR-TR]

The $12B railway in Nigeria is close to completion, finally Nigerians have their first modernized railway, congrats to them. During the process 200,000 local job are created, and these trained/skilled locals would then become a major productive workforce for their future economic development, again congrats to Nigerians.

China to Build $12 Billion Railway in Nigeria

非洲首条“中国造”铁路全线贯通(组图)-筑龙新闻

Incredible!!! Win win for China and Nigeria. Oh, I'm sorry, I meant 'Chinaman colonize black land'!! Filthy Europeans and Westerners. So jealous that China is spreading it's wings, lifting (after a billion inside China) another billion people out of poverty abroad. Sure, it'll take a bit of time, and yes, the losers are the West, but what China does is very commendable. Unique! Let's hope India joins the fun.