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Businesses from Portugal and China sign agreement for projects in Portuguese-speaking countries

Page created: Friday, 24 November 2017 13:52 GMT

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Business   China   Portugal  Public companies

Public Companies from Portugal and China on Wednesday in Lisbon signed a memorandum of understanding for the development of transport infrastructure, roads and railways, in Portuguese-speaking countries, which may also include Brazil.

The protocol, signed at the premises of the Portuguese Agency for Foreign Trade and Investment (AICEP) between IP Engenharia/Grupo Infra-estruturas de Portugal and the China Tiesiju Civil Engineering Group/China Railway Engineering Corporation, will intervene in Angola, Mozambique, Cabo Verde (Cape Verde), São Tomé and Príncipe and Guinea-Bissau, in the projects “that each country will most need to develop and stimulate the local economy.”

The vice-president of China Tiesiju Civil Engineering Group/China Railway Engineering Corporation, Shao Gang, said that a joint commission of Portuguese and Chinese companies will meet in January next year to draw up a timetable for the implementation of the partnership agreement.