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Thursday, May 23, 2024

Brazil seeks UK investment for rail infrastructure plans

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A trade delegation from Sao Paulo has arrived in the UK looking for British companies to invest in Brazil’s infrastructure projects.

Members of the Government of Sao Paulo are in the country to present eight Public Private Partnership (PPP) projects totalling $20 billion.

Outside investment is being sought for the construction and maintenance of three subway lines, a monorail and an intercity train network.

Projects include:

  • Intercity train network serving Sao Paulo – 416km of rail network. Investment of BRL 18.5 billion (£5.8 billion). Bid opens November 2013, contract to start in April 2014.
  • Metro Line 6 – Orange. Investment of BRL 7.8 billion (£2.4 billion). Bid opens January 2013, contract to start in June 2013.
  • Metro line 20 – Pink. Investment of BRL 7.5 billion (£2.3 billion). Bid opens October 2013, contract to start March 2014.
  • Metro Line 18 – Bronze (monorail). Investment of BRL 3.01 billion. Bid opens March 2013, contract to start July 2013.

Trade and Investment Minister Lord Green said: “As Sao Paulo prepares to host the World Cup in 2014, there are some great infrastructure projects ready to get underway in Brazil.

“Our construction sector is one of the world’s biggest and best, and UK companies are ideally placed to capitalise on these excellent opportunities.

The Deputy Governor of Sao Paulo, Guilherme Afif Domingos, said: “The State of Sao Paulo today is alone the 18th largest economy in the world, accounting for 33 per cent of Brazil’s GDP and it has a credibility track-record to attract investments in infrastructure through partnerships with the private sector.

“Moreover, the European crisis opens a window of opportunity to awaken the healthy appetite of foreign investors in search of good business options in emerging markets.”

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