Chinese investors are reportedly eyeing an iron ore terminal at Brazil’s state-run Port of Suape, a media report by Folha PE said this week. Port representatives and Chinese investors, including banks, energy and infrastructure companies, met to discuss business opportunities in the Suape region.
China Communications Construction Company (CCCC) would reportedly invest in railroads in Brazil and could be interested in using the Port of Suape to export the iron ore transported through the railroads.
CCCC has been said to be interested in buying an undisclosed stake at CSN-owned railroad Transnordestina, which is expected to reach 1,073 miles.
The media report said CCCC would analyze the Port of Suape opportunity, but did not clarify if Chinese investors would only use the proposed iron ore terminal or would actually become shareholders at Port of Suape.