A proposed US$20-billion fund for Brazilian infrastructure projects could make its first investment in March, the Reuters news agency reports.
The report quotes Jorge Arbache, Brazil’s International Affairs Secretary of the Ministry of Planning, Development and Management, who says the fund may finance the construction of railroads linking soy- and corn-producing regions to ports, mines, oil and agricultural projects.
The fund was suggested last year after Premier Li Keqiang visited Brazil. The Mainland will provide three-quarters of the fund and Brazil the remainder.
Mr Arbache told Reuters that financing decisions would be made according to the strategic priorities of both countries.
