Government of São Paulo State Presents Infrastructure Investments to Bank of China

The Government of the State of São Paulo, Brazil, presented a high-level delegation from the Bank of China with infrastructure expansion plans and privatization projects.

The visit to São Paulo by of Zhang Guanghua, president of the Bank of China, accompanied by Hsia Hua Sheng, vice president, marked a moment of intensification of commercial and financial relations between São Paulo and China, according to a statement by the Brazilian State.

The meeting, which was attended by São Paulo vice-governor Felício Ramuth and members of the Secretariat for International Business (SENI), focused on presenting the state’s investment portfolio and exploring new opportunities for collaboration with the Chinese financial institution.

China’s Shandong Province and Brazil’s Sao Paulo State Bolster Cooperation

This approach is seen as fundamental to support the expansion and modernization plans of São Paulo’s infrastructure, which includes not only intercity transport, but also the improvement and expansion of the road and railway networks, and privatization projects for companies such as Sabesp and Metropolitan Water and Energy Company (Emae).

During the meeting, Felício Ramuth highlighted the strategic importance of the partnership with the Bank of China for the development of large-scale projects in São Paulo, including the ambitious Trem Intercidades, in addition to several auctions and Public-Private Partnerships (PPPs) planned for this year.

Lucas Ferraz, from SENI, emphasized the role of the meeting in consolidating strategies for attracting international investments for São Paulo. According to him, interaction with the Bank of China is part of a set of efforts aimed at enhancing the mobilization of resources necessary to carry out government programs, in line with the goals of expanding the state’s international insertion in the global economic scenario.

Brazilian Exports to China Surge 53.7%

This meeting, the same source added, reinforces the commitment of the Government of São Paulo to seek strategic international partnerships that can contribute to the sustainable development and modernization of the state, positioning it as a protagonist in the international business and investment scenario.

Other articles

Brazil

Brazil Celebrates 50 Years of Relations with China with Call for Greater Trade Expansion

Brazil

China’s Beef Market Weakens and Poses Risks for Brazil