September 1, witnessed by Chinese President Xi Jinping and his Brazilian
counterpart Michle Temer, on behalf of CCCC, CCCC President Chen Fenjian signed
the investment agreement and financing framework agreement with Industrial and
Commercial Bank of China (ICBC) and Thorell on Port San Luis Project at the Great
Hall of the People. The signing of the agreement marks a major breakthrough of
CCCC in its localized operation in South America.
total investment of some USD 700 million, Port San Luis will be financed by
ICBC, and jointly constructed by CCCC South America Regional Company and
renowned Brazilian enterprise Thorell. CCCC will hold a 51% stake and undertake
the engineering, procurement and construction of the project. Concretmat held
by CCCC undertook the preliminary design consultation of the project and the
port will be operated by CCCC.
in the marine outfall of southeastern Brazil,
close to Brazil's
main grain-producing area, Port San Luis boasts good natural water depth
conditions. After being built up, the port will mainly transport grain,
chemical fertilizer, oil products and bulk cargo. As the project will boost Brazil's
social and economic development and create a lot of jobs, it has been strongly supported
by the governments of both countries.