CDB pledges $1.21 billion loan to BBCAA for Soy Processing Industrial Line

$1.21M USD

Funder	China Development Bank (CDB)
Recipient Organization	Government of Brazil
Country	Brazil
Start Date	May 19, 2015
End Date	Mar 31, 2031
Duration	5,795 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`59812`

Grant Description

CDB pledges $1.21 billion loan to BBCAA for Soy Processing Industrial Line On May 19, 2015, Brazilian Governor Reinaldo Azambuja signed a cooperation agreement with the BBCA Group and China Development Bank (CDB) to finance projects in the area of grain crushing in Mato Grosso do Sul. At the same time.

China Development Bank (CDB) agreed -- at least in principle -- to provide a $1.21 billion loan for the construction of a soy-processing industrial line and the refurbishment of mobile oil rigs.

Upon completion, the project was is expected to generate 400 jobs and the new facility was expected to have ability to process 1.25 million tons of corn per year and 1 million tons per year of soybeans. However, as of 2021, there was still no evidence that the CDB loan ever materialized.

📚 Sources & References

CHINESE FINANCE TO LAC IN 2015: Doubling Down*
China-Latin America Finance Database
Negócio da China: acordo com grupo chinês consolida investimentos de US$ 1,21 bi em MS 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.