Samba Economics: Sao Paulo goes shopping with $20bn

Posted on 28 Jan 2013

A trade delegation has arrived in the UK to present eight infrastructure projects, worth $20 billion, to potential British contractors.

The transport projects included three subway lines, a monorail and a 416km train network.

Other construction projects included three prisons, four new hospitals and digital equipment for all 3.3 million students attending Sao Paulo’s schools.

“The Brazilians decided to come to London on the back of David Cameron’s trade mission to Brazil last year”, said UK Trade and Investment spokesman Michael Gibbs.

“The UK’s expertise at delivering large infrastructure projects was highlighted by the success of the 2012 Olympics”.

Sao Paulo is the financial centre of South America. The state produces 33% of Brazil’s GDP and would be the 18th largest economy in the world if it were an independent country.

The Trade and Investment minister, Lord Green said: “Our construction sector is one of the world’s biggest and best, and UK companies are ideally placed to capitalise on these excellent opportunities. The London Olympics showed the world what we can do.”

Lord Green and the Deputy Governor of Sao Paulo, Guilherme Afif Domingos have signed a Memorandum of Understanding between UK Trade & Investment (UKTI) and Invest Sao Paulo at a reception hosted by the Lord Mayor of London.

“The trade mission played a very important role in us coming to the UK”, said Rodrigo Tavares, head of foreign affairs for Sao Paulo.

“It represents a strong partnership between the government of Sao Paulo and the British government.”

During his time in London the Deputy Governor will meet with large British and Chinese construction companies and investors at the Brazilian embassy.


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