Brazil, Spain discuss multibillion dollar infra works

Monday, December 1, 2014

Brazilian and Spanish government officials and entrepreneurs are in Barcelona planning infrastructure investments in Brazil that could reach at least 41.6bn reais (US$16.6bn) by 2016.

The business group LIDE-sponsored meetings have been scheduled from November 28-December 1 in Barcelona through international networking event "Meeting International".

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Among the discussions in the meetings organized by business group LIDE are public-private partnership opportunities for the infrastructure sector and other investment opportunities in transportation, mining, oil & gas, banking & insurance, and IT & telecommunications, according to a release.

In 2013, Spanish companies invested a total of 6bn reais in Brazil, according to Spain's chamber of commerce in Brazil.