Trade Minister Lord Green hosted the Brazilian delegation today as the unveiled plans for the construction and maintenance of three subway lines, a monorail, an intercity train network, three prison complexes and four new hospitals.

Lord Green said: “As Sao Paulo prepares to host the World Cup in 2014, there are some great infrastructure projects ready to get underway in Brazil.

“Our construction sector is one of the world’s biggest and best, and UK companies are ideally placed to capitalise on these excellent opportunities.

“For the London Olympics 2012 we showed the world what we can do. We have already witnessed the incredible regeneration of east London, with world class facilities and a new urban park created.

“We are now working hard, alongside firms around the country to follow up the contacts, networks, announcements and momentum created by the Games.”

The Deputy Governor of Sao Paulo, Guilherme Afif Domingos said: “The State of Sao Paulo today is alone the 18th largest economy in the world, accounting for 33% of Brazil’s GDP and it has a credibility track-record to attract investments in infrastructure through partnerships with the private sector.

“Moreover, the European crisis opens a window of opportunity to awaken the healthy appetite of foreign investors in search of good business options in emerging markets.”