By Daniel Hunter
UK Trade & Investment is urging UK companies to bid for more than £20 billion ($32 billion) of infrastructure projects in Brazil.
The contracts relate to the Pedra de Ferro mining project, the 2014 World Cup and 2016 Olympics.
The Pedra de Ferro mining project, in North East Brazil is expected to award contracts worth in excess of £3 billion ($5 billion). They are particularly keen to award contracts that provide eco-efficient technologies and clean development mechanisms.
The project offers a range of opportunities to British businesses. These include mine infrastructure, construction, transport infrastructure (such as road and rail building and the construction of shipping and container terminals) and new port development.
UK Trade & Investment is running a trade mission for companies to learn more about this opportunity from 24 May until 1 June. Eligible British companies will have the chance to meet the World Cup Delivery Authority (SECOPA), leading Brazilian contractors as well as global manufacturers producing in Brazil, Anglo American, Rio Tinto and other end users of construction and mining equipment.
Apart from the opportunity at Pedra de Ferro, UK Trade & Investment estimates that the World Cup and Olympic Games in Brazil will generate business opportunities worth up £17 billion ($27billion) for British companies.
The opportunities include construction (such as stadia, infrastructure and commercial premises), environmental services and transportation.
“British businesses in Brazil already have an impressive track record of delivering large scale construction programmes around the world to time and to budget, including the main venues and infrastructure for the Olympic Games in London, where construction was completed a year ahead of the event," UK Trade & Investment Sectors Group Managing Director, Edward Oakden, said.
"As such, British companies are well placed to win a share of the exciting Pedra de Ferro project. UK Trade & Investment’s forthcoming trade mission will give British companies direct contact with the mine developers, construction equipment purchasers and a wide range of other firms involved in these complex infrastructure projects.
" I strongly encourage British companies to join this trade mission and to see for themselves the enormous trade potential both in the Pedra de Ferro project specifically and in Brazil more generally.”
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