USTDA - U.S. Trade and Development Agency

10/17/2024 | Press release | Distributed by Public on 10/17/2024 07:37

USTDA Advances Freight Modernization in Brazil

Arlington, VA - The U.S. Trade and Development Agency is funding a reverse trade mission that will bring a delegation of Brazilian rail sector leaders to the United States, to build partnerships with U.S. industry and accelerate the modernization and decarbonization of Brazil's freight rail network.

While in the United States from October 20 to 31, the 10-member delegation of public and private sector representatives will travel to Washington, D.C.; Dallas; and Chicago to meet U.S. companies and trade associations, see demonstrations of cutting-edge U.S. technologies, and engage with sources of financing. Site visits will include a tour of the Belt Railway of Chicago.

USTDA will host a public business briefing in Chicago on October 29 for U.S. companies to learn about upcoming commercial opportunities related to Brazil's freight rail network and meet one-on-one with delegates to present their innovative freight solutions. For more information, please visit https://www.ustda.gov/events/.

Brazil's freight rail network is one of the largest in the world. Although rail is already one of the cleanest modes of transportation, opportunities abound to further decarbonize and build resilience in the sector. U.S. companies offer leading freight rail technologies, especially with regard to alternative energy sources, such as batteries and hydrogen fuel cells to power locomotive fleets, as well as digital technologies that improve efficiencies.

This reverse trade mission supports the U.S. government's Partnership for Global Infrastructure and Investment to deliver game-changing projects to close the infrastructure gap in developing countries, USTDA's Global Partnership for Climate-Smart Infrastructure that connects U.S. industry to major clean energy and transportation infrastructure projects in emerging economies, and the President's Emergency Plan for Adaptation and Resilience initiative.

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The U.S. Trade and Development Agency helps companies create U.S. jobs through the export of U.S. goods and services for priority infrastructure projects in emerging economies. USTDA links U.S. businesses to export opportunities by funding project preparation and partnership building activities that develop sustainable infrastructure and foster economic growth in partner countries.

MEDIA INQUIRIES: Paul Marin | [email protected]