Project ID: 37966

CDB pledges to invest 6.4 million USD in Brazilian highway development

Not recommended for aggregates

This project is not recommended for use in creating aggregated sums. See the documentation for more information about this criteria.

Summary

Funding agency [Type]

China Development Bank (CDB) [State-owned Policy Bank]

Recipient

Brazil

Sector

Transport and storage (Code: 210)

Flow type

Loan

Level of public liability

Unallocable

Infrastructure

No

Category

Intent

Mixed (The next section lists the possible statuses.)

Commercial

Development

Representational

Mixed

Financial Flow Classification

OOF-like (The next section lists the possible statuses.)

Official Development Assistance

Other Official Flows

Vague (Official Finance)

Flows categorized based on OECD-DAC guidelines

Project lifecycle

Status

Pipeline: Pledge (The next section lists the possible statuses.)

Pledge

Commitment

Implementation

Completion

Suspended

Cancelled

Milestones

Commitment

2008-01-01

Description

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.

Number of official sources

0

Number of total sources

1

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Details

Cofinanced

No

Loan Details

Bilateral loan

Investment project loan