UK firms urged to bid for £20bn Brazil projects

UK Trade & Investment (UKTI) is urging UK companies to bid for more than £20bn ($32bn) of infrastructure projects in Brazil. 

The contracts relate to the Pedra de Ferro mining project, the 2014 World Cup and 2016 Olympics.

The Pedra de Ferro mining project, in North East Brazil is expected to award contracts worth in excess of £3bn ($5bn).

UKTI understands the mine is particularly keen to award contracts that provide eco-efficient technologies and clean development mechanisms.

The project offers a range of opportunities to British businesses, including mine infrastructure, construction, transport infrastructure and new port development.

UKTI also estimates that the World Cup and Olympic Games in Brazil will generate business opportunities worth up £17bn ($27bn) for British companies. 

The opportunities include construction, environmental services and transportation.

UK Trade & Investment Sectors Group Managing Director, Edward Oakden, who is heavily involved in the Pedra de Ferro project said: “British businesses in Brazil already have an impressive track record of delivering large scale construction programmes around the world to time and to budget, including the main venues and infrastructure for the Olympic Games in London, where construction was completed a year ahead of the event.

“As such, British companies are well placed to win a share of the exciting Pedra de Ferro project.”

UK Trade & Investment is running a trade mission for companies to learn more about Pedra de Ferro from 24 May until 1 June.

Eligible British companies can meet the World Cup Delivery Authority (SECOPA), leading Brazilian contractors and global manufacturers producing in Brazil, Anglo American, Rio Tinto and other end users of construction and mining equipment.

Companies who are interested in participating in the mission should contact Joanna Oliver at Joanna.oliver@admin.co.uk.

Businesses who would like to find out more about the Pedra de Ferro project should contact John Strang at UK Trade & Investment at john.strang@ukti.gsi.gov.uk.