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Chinese dam builder eyeing major Amazon mega-dam contract

2016-02-26 17:25:00| Climate Ark Climate Change & Global Warming Newsfeed

Mongabay: Chinese construction companies are trying to gain a larger foothold on infrastructure projects especially hydroelectric dams in the Amazon, a region and sector in which large Brazilian construction companies have long dominated. That opportunity has been created by hard times for the Brazilian companies, due to the ongoing government/corporate Operaço Lava Jato (Operation Car Wash) scandal, the devaluation of Brazils Real currency, along with pricey credit rates. China Three Gorges a state-owned...

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