Brazil’s president Dilma Rousseff has launched a R$133bn ($65.6bn) stimulus package to spur investment in the country’s creaking infrastructure
In the first of what are expected to be a series of announcements in the coming weeks, government will sell rights for private companies to operate 7,500km of roads and 10,000km of railways. measures would double the capacity of the country’s main highways
R$79.5bn would be spent within five years and the remainder over 25 years.
“We are starting with railways and roads but obviously we will take care of airports, ports and waterways,” Ms Rousseff told a gathering of politicians and leading businessmen in Brasília.
