Brazil and China sign a Memorandum of Understanding for cooperation in railway

Brazil and China sign a Memorandum of Understanding for cooperation in railway :During an official visit of Chinese Preseident Xi Jinping, Brazil and China signed a Memorandum of Understanding between Brazil and China on July 17th for cooperation in railway projects.

The agreement will cover exchange of best practice in areas including railway construction and freight operations. It also aims to encourage private-sector investment in new railways in Brazil, as well as co-operation on upgrading projects.

On the other hand Brazil and China have signed an agreement with Peru to examine the feasibility of building a transcontinental railway between Brazil and Peru, which would serve large areas of agricultural production and mineral extraction.

Brazil and China sign a Memorandum of Understanding for cooperation in railway

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