January 4, 2019 |
New Brazilian President Jair Bolsonaro is embarking on an infrastructure push, pledging to attract BLR7bn ($1.8bn) in investments as he announced plans to privative 12 airports and four ports.
“We will rapidly attract initial investments of about $7bn, like railroad concessions, 12 airports and four ports,” Bolsonaro tweeted on Thursday, helping to boost the currency, the real, and Brazilian stocks.
Leonardo Fonseca, an economist with Credit Suisse, said he expects Bolsonaro to move quickly
The Brazilian president says he wants to attract $1.85bn in investments and announced plans to privatize 12 airports and four ports