Chinese consortium finances Fiol railway in Brazil (linked to Record ID#s #62077, #62853, #62855)

Funder	China (People's Republic of)
Recipient Organization	Brazil
Country	Brazil
Start Date	Mar 01, 2017
End Date	Dec 11, 2026
Duration	3,572 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`62856`

Grant Description

In September 2017, the Brazilian state of Bahia, Bahia Mineração (Bamin) (a Brazilian subsidiary of Eurasian Resources Group), and a Chinese consortium agreed to fund the project of the Fiol railway.

The Chinese consortium is comprised of China Railway Group, China Communications Construction Co., Ltd., and Dalian Huarui Heavy Industry Group. 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.