We will im­port an­other 15 new trains for the sub­way from China be­foreMarch 2016.”

China Daily (Canada) - - FRONT PAGE -

Rio’s trans­porta­tion sec­re­tary, said Line 4 is 16 kilo­me­ters long and is the largest ur­ban in­fra­struc­ture in­vest­ment project in Brazil.

“We will im­port an­other 15 new trains for the sub­way from China be­fore March 2016,” he said.

“We have a very se­ri­ous chal­lenge in ur­ban mo­bil­ity in Rio and the an­swer to that chal­lenge is in­vest­ment in in­fra­struc­ture, par­tic­u­larly in the sub­ways.”

He said the city chose Chi­nese trains be­cause the coun­try of­fers the best price and the best qual­ity.

Li pro­posed the industrial fund while at­tend­ing the China-Brazil Busi­ness Sum­mit on Tues­day along with Brazil­ian Pres­i­dent Dilma Rouss­eff in the cap­i­tal, Brasilia.

The ini­tia­tive will pro­vide fi­nanc­ing to sup­port bi­lat­eral co­op­er­a­tive projects in­volv­ing pro­duc­tion ca­pac­ity and the man­u­fac­ture of equip­ment.

Three fi­nanc­ing chan­nels — funds, loans and in­sur­ance — should be ex­panded to as­sist joint projects, Li said.

China is will­ing to ex­pand co­op­er­a­tion with Latin Amer­i­can coun­tries in ar­eas such as cur­rency swaps and set­tle­ment to “jointly cham­pion the sta­bil­ity of re­gional and world fi­nan­cial mar­kets”, Li said.

Rouss­eff said China’s fi­nan­cial sup­port for in­fra­struc­ture will “be­come an­other mile­stone” for the eco­nomic devel­op­ment of her coun­try and bi­lat­eral co­op­er­a­tion. “Brazil wel­comes the en­gage­ment by Chi­nese en­ter­prises in projects re­gard­ing fields such as power and rail­ways,” she added.

Chen Duqing, a for­mer Chi­nese am­bas­sador to Brazil and now a se­nior re­search fel­low at the Chi­nese Academy of So­cial Sciences, said co­op­er­a­tion over industrial ca­pac­ity is one of the pathways that will help China and Latin Amer­ica to sur­vive the re­struc­tur­ing of the global pro­duc­tion chain.

“The con­struc­tion of rail­ways, ports and ex­press­ways is among China’s industrial strengths”, and such co­op­er­a­tion “will make a dif­fer­ence in help­ing Latin Amer­i­can economies”, Chen said.

Li said the coun­tries are set to shape three sec­tors— lo­gis­tics, power and in­for­ma­tion — that span the South Amer­i­can con­ti­nent by in­volv­ing en­ter­prises from both sides.

The con­ti­nent will see a lo­gis­tics path­way mainly sup­ported by rail­ways, and a power path­way will be built to link all the Latin Amer­i­can coun­tries with highly ef­fi­cient elec­tric­ity grids. Con­tact the writ­ers at zhaoy­i­nan@chi­nadaily.com.cn and zhangyunbi@chi­nadaily.com.cn

Rio de Janeiro’s trans­porta­tion sec­re­tary

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