China Development Bank loans $75,600,000 to BBCA Brazil for Mato Grosso do Sul Facility

Funder	China (People's Republic of)
Recipient Organization	China (People's Republic of)
Country	Brazil
Start Date	Mar 08, 2015
End Date	Nov 01, 2026
Duration	4,256 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`38944`

Grant Description

China Development Bank loans $75,600,000 to BBCA Brazil for Mato Grosso do Sul Facility In 2013, according to Macauhub, Chinese group BBCA signed a letter of intent to invest 320 million USD in the agricultural sector of Mato Grosso do Sul in order to increase food production and the volume of state exports to China.

According to page 7 of the BRICS working paper by Gustavo Oliveira, BBCA is building a maize/soybean processing and citric acid production factory ("indústria de processamento de milho e soja"). It is set to be in Maracaju, in the state of Mato Grosso do Sul. The project would be a partnership between BBCA and the city of Maracaju in the state of Mato Grosso do Sul.

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.