Skip to main content

Brazil gives up on train line project suggested by China

5 February 2018

| Brazil| China

Brazil has given up on the idea of building a railway to transport goods to China through Peru because the project would have been “too expensive” and would face “absurd” engineering challenges, said Jorge Arbache, secretary of International Affairs at the Ministry of Planning, Development, and Management.

The 5000-kilometre line, which would have needed to traverse the Andes to reach the Pacific Ocean, was announced during the visit of President Xi Jinping to Brazil in 2014 and was intended to speed up the process of exporting raw materials, such as soybeans and iron ore, to China, at a lower cost, avoiding the Panama Canal.

But considering the estimated cost of US$80 billion, Arbache told the Reuters news agency that the railway would have had to carry higher value-added goods and not just commodities in order to be economically viable.

Arbache also said that Peru objected to the route, as it passed through one of the country’s most important nature reserves.

The Peruvian government also argued that the railway could be economically viable if it crossed Bolivia, as it would reduce the cost of construction, have a lower environmental impact and allow the country to have direct access to the sea.

China is Brazil’s largest trading partner, and in 2017 Chinese companies invested US$20.9 billion in Brazil in energy, transportation logistics, agribusiness, financial services, chemicals and pharmaceuticals, and production and transmission of electricity. (macauhub)


Popular posts from this blog

CPEC Jobs in Pakistan, salary details

JOBS...نوکریاں چائنہ کمپنی میںPlease help the deserving persons...Salary:Salary package in China–Pakistan Economic Corridor (CPEC) in these 300,000 jobs shall be on daily wages. The details of the daily wages are as follows;Welder: Rs. 1,700 dailyHeavy Duty Driver: Rs. 1,700 dailyMason: Rs. 1,500 dailyHelper: Rs. 850 dailyElectrician: Rs. 1,700 dailySurveyor: Rs. 2,500 dailySecurity Guard: Rs. 1,600 dailyBulldozer operator: Rs. 2,200 dailyConcrete mixer machine operator: Rs. 2,000 dailyRoller operator: Rs. 2,000 dailySteel fixer: Rs. 2,200 dailyIron Shuttering fixer: Rs. 1,800 dailyAccount clerk: Rs. 2,200 dailyCarpenter: Rs. 1,700 dailyLight duty driver: Rs. 1,700 dailyLabour: Rs. 900 dailyPara Engine mechanic: Rs. 1,700 dailyPipe fitter: Rs. 1,700 dailyStorekeeper: Rs. 1,700 dailyOffice boy: Rs. 1,200 dailyExcavator operator: Rs. 2,200 dailyShovel operator: Rs. 2,200 dailyComputer operator: Rs. 2,200 dailySecurity Supervisor: Rs. 2,200 dailyCook for Chinese food: Rs. 2,000 dailyCook…

Balochistan to establish first medical university

The Newspaper's Staff CorrespondentOctober 25, 2017QUETTA: The provincial cabinet on Tuesday approved the draft for establishing a medical university in Balochistan.Health minister Mir Rehmat Saleh Baloch made the announcement while speaking at a press conference after a cabinet meeting.“The cabinet has approved the draft of the medical university which would be presented in the current session of the Balochistan Assembly,” he said, adding with the assembly’s approval the Bolan Medical College would be converted into a medical university.Published in Dawn, October 25th, 2017

Germany’s Siemens sets up Belt and Road office in Beijing
Germany’s Siemens sets up Belt and Road office in Beijingby Janne Suokas Mar 23, 2018 15:20 TRADEINVESTMENTBELT AND ROAD INITIATIVEGerman industrial and engineering group Siemens will set up a Belt and Road office in Beijing. surberFlickrCC BY 2.0
German industrial and engineering group Siemens will set up an office in Beijing to boost international cooperation under China’s Belt and Road initiative, the company said on Friday.The move will help strengthen Siemens’ cooperation with Chinese and international companies and expand business opportunities brought about by the Belt and Road initiative, according to the company’s statement.The Belt and Road initiative is China’s ambitious project to boost trade and infrastructure investment in more than 65 countries along the ancient Silk Road trade routes from Asia to Europe and Africa.Siemens said it had already partnered with hundreds of Chinese companies in overse…