Business and Finance

BRAZIL INKS DEAL TO DREDGE MADEIRA RIVER

Dredging at Brazil’s Madeira River located between the states of Amazonas and Rondônia should resume this year EBC Brazil’s government news agency said. The JEED-EPC consortium a partnership involving JEED Engenharia and EPC Construções will dredge the Madeira River one of the big-gest tributaries of the Amazon at a BRL 80 million ($23.6 million US) contract signed in November in Porto Velho Brazil. Dredging should take about five years effective in 2017. Commenting on the dredging project a Brazilian minister noted works should begin as soon as “nature allows.” “Dredging at the Madeira [River] will be made. It will be navigable all the year long” said Brazil’s transports minister Maurício Quintella while signing the deal with the JEED-EPC consortium.