Chinese Project In Brazil Delayed

Three years ago a large Chinese corporation pledged to invest the equivalent of US $ 2 Billion in Brazil. The Chongqing Grain Group declared and published plans to build an agricultural processing plant (and linked infrastructure) for soybeans in Bahia State. However, up until now, April 2014, very little has actually been done and the ground for the eventual facility has scarcely even been cleared.

Needless to say this slowness is very disappointing for almost everyone concerned. However, the Bahia State Government seems relaxed about it all. The Agriculture Spokesman, Josalto Alves said that it was just a question of the “normal processes” of planning and authorisation taking time to be completed.

It’s rumoured that (like some other similar projects) the development may not proceed in reasonable time, if at all.

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Posted in Brazil, General investments, World News

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