November 1, 2012
By Thierry Ogier and Taimur AhmadBrazilian president Dilma Rousseff has called it a “transport revolution.”
The government’s latest plan to rid Brazil of its infamous transport bottlenecks calls for $65 billion of investment in the country’s notoriously decrepit infrastructure.
These, after all, are the same bottlenecks that experts say are holding the economy back – and which also mean that an oversized Brazil is becoming too constricted for its aspirations to become an economic superpower.
The latest initiative calls for a vast modernization of roads and railways over 25 years, including a big push to invest some $40 billion within five years. The first contracts to build or upgrade
Lower interest rates are seen as the key to spurring much-needed private investment in Brazil’s infrastructure. But the shadow of inflation still hangs over Brasilia’s ambitious plans