Chinese linked to Bahia investment
Chinese investors have partnered with Bahia Mineração (Bamin) to build the new Porto Sul in the Brazilian state of Bahia.
They are also participating in the construction of the new railway project, Ferrovia Oeste-Leste (Fiol), which is due to start in mid-2017. Both projects combined have a price tag of $1.9bn.
“The railway and Porto Sul are certain [to go ahead]. In this sense, the railway will require a tender, while in the case of Porto Sul the selection process has already been made, [allowing them] to come on board as partners for Bamin,” said the state governor, who stressed that the key rail link tender would be issued by the central government.
The port is absorbing investment of $1.8bn, of which $1.2bn is private capital funding the Logistics Support Area (ZAL), which falls under the control of the state. The rest of the money is being spent on the Private Use Terminal by Bahia Mineração (Bamin), which intends to use the facility to export iron ore.