CDB pledges to invest 6.4 million USD in Brazilian highway development

Funder	China (People's Republic of)
Recipient Organization	Brazil
Country	Brazil
Start Date	Apr 21, 2008
End Date	Aug 19, 2032
Duration	8,886 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`37966`

Grant Description

CDB pledges to invest 6.4 million USD in Brazilian highway development In 2008, the China Development Bank expressed interest in investment projects in Brazil.

Investments in these concessions, valid for 25-years operating on routes between the southeast with the northeast for a total of 7297 kilometers, would total more than $ 6.4 billion (R $ 10 billion). Proposal includes highway BR-040, which connects Brasília to Rio de Janeiro and Belo Horizonte. The status of these investments are unknown.

Local company, Invepar, won the bid for the BR-040 highway concession. No indication that the highway projects moved towards implementation. Loan applications and disbursements are still being received and processed as the projects continue to evolve. Ongoing monitoring and evaluation are in place to ensure project continuity.