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We need stable political environments to make investments, says …

by Ace Damon
We need stable political environments to make investments, says ...

Debate on infrastructure investment took place on Wednesday (13) during the BRICS Business Forum.

Brazil's Infrastructure Minister, Tarcísio de Freitas, expressed the desire to count on the investment of BRICS countries, a block that brings together Brazil, Russia, India, China and South Africa.

According to the minister, the main branch for which Brazil wants to rely on investment from the bloc's countries is the railroad sector.

"The experience of the BRICS countries in the rail network is something that interests us a lot, especially at this time when we are resuming investments in railways," said the minister.

Tarcísio de Freitas used as an example the East-West railroad, which will be auctioned next year.

"We would be happy to see investments in the rail sector. We have interesting opportunities, such as the East-West railroad, which will be auctioned next year," the minister said.

JSC (Russians Railways) Deputy CEO Alexander Misharin highlighted the joint work that Brazil and Russia have been doing to implement joint investment projects between the two countries in the rail network.

"We have initiatives in Brazil, and this is very important. For this reason, this is a major victory for BRICS, which gives us the opportunity to have many development fronts," Misharin said during the BRICS Business Forum.

Lisu Qitao, president of China Communications Construction Co., said that attracting investment requires countries to have political stability and cited recent events in South America.

"As entrepreneurs we want profit. And to make a profit we need stable political environments," he said.

The BRICS Business Forum takes place in the middle of the 11th BRICS Summit, held this year in Brasilia.

. (tagsToTranslate) Economic Discussion in BRICS

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