Brazil To Spend $66bn on New Infrastructure

by
staff
Stimulus package to help world's six-largest economy build roads and airports in run-up to World Cup and Olympics.

Stimulus package to help world's six-largest economy build roads and airports in run-up to World Cup and Olympics.



Brazi's president Dilma Rousseff has unveiled a stimulus package of nearly $66bn.

It is aimed at improving the country's infrastruture as it prepares to host the 2014 World Cup and the 2016 Rio Olympic Games.

The money, raised through public-private partnerships, will be used to build 8,000km of new roads and railways, as well as major investments in ports and airports.