Chinese dam builder eyeing major Amazon mega-dam contract

Posted by Mongabay: None Given on February 26th, 2016
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 Operação Lava Jato (Operation Car Wash) scandal, the devaluation of Brazil’s Real currency, along with pricey credit rates. China Three Gorges — a state-owned......

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