08 November 2012

CUBA / BRASIL : Castro Allows Odebrecht...To Upgrade/Run Cienfuegos Sugar Mill For 13 Years.


     A foreign company will take over a Cuban sugar mill...for the first time since 1959.

     A subsidiary of Brasil's giant construction company Odebrecht...has agreed to run and upgrade a sugar mill in Cienfuegos...for 13 years.
     Cuba has 54 aged and barely operating mills.
     Odebrecht agreed to spend $60 million to upgrade facilities.
     It has been improving Cuba's port facilities at Mariel Bay for several years.
     Once a sugar cane producing giant...Cuba harvested just 1.4 million tons in 2011.