Brazil’s National Transport Confederation opens representative office in China

3 April 2014

Brazil’s National Transport Confederation (CNT) will this month open a representative office in Beijing in order to attract investments in transport infrastructure in Brazil, said the president of CNT, senator Clésio Andrade.

According to CNT’s communications department, the representative office will focus on attracting investment to build railways, ports and airports, “not forgetting road and river transport as well as other areas that need urgent attention.”

Andrade said that CNT’s role was to attract the interest of Chinese investors, seek out new technologies and provide support to business deals and partnerships.

“The Confederation is expanding its activities and this office will provide a bridge between businesspeople from both countries to create opportunities to stimulate the Brazilian economy by improving transport infrastructure.”

Brazil needs significant investment in all modes of transport, according to CNT, which estimates it needs over 350 billion reals for the road sector, around 200 billion reals for the railway network, 100 billion realsc for port, river and airport infrastructure and over 200 billion reals on urban mobility projects.

Noting that the Brazilian government did not have the resources needed for the work Brazil needs, senator Andrade said that private funding was needed and that foreign investors were a good alternative for development of infrastructure via public-private partnerships or concessions.

One of the first activities planned is a meeting at the CNT headquarters in Brasilia, for which the CNT plans to invite Chinese investors and Brazilian businesspeople. Later on there will also be a similar meeting hosted in China. (macauhub)