CREC on track for big Brazil deals

Two projects have combined contract value of $2.6 billion

China Railway No 10 Engineering Group Co Ltd, a subsidiary of China Railway Engineering Corporation, is in talks with Brazilian clients to build two big-ticket railway-related infrastructure projects with a total contract value of $2.6 billion, its executives said.

The two major projects include building a port-railway-mine complex in eastern Brazil's Bahia state and a railway infrastructure upgrading project for Brazil's Western Railway Line. Their project values are $2 billion and $600 million, respectively.