Chinese CCCC eyes North-South and Transnordestina railways

    905
    0
    SHARE

    Macauhub newsagency tells that Brazil’s Banco Modal, Australia’s Macquarie Capital and the China Communications Construction Company Group (CCCC) – China largest state-run infrastructure company – are examining joint investments at  EF-170 (Ferrogrão) 1,142 km (709 miles) railway that runs North-South, connecting the states of Tocantins and São Paulo, and that  is  in the federal concession programme.

    Banco Modal is the financial adviser of CCCC in Brazil, where it has bought an 80% stake of Concremat – Soluções Integradas de Engenharia , for which it paid around $100 million.

    In February, Steelorbis.com announced that CCCC was in talks with Brazilian steelmaker CSN (Companhia Siderurgica Nacional) related to a possible participation of the Chinese company in Transnordestina railway (Northeast Brazil) with 1,720 km (around 1070 miles)