$69 billion investment in transport systems
Brazil’s president, Dilma Rousseff confirmed yesterday in her weekly presidential blog that the country is to invest $69 billion in transportation systems by 2014.
The announcement will be covered by the Growth Acceleration Programme (PAC) and the money will be used to expand railways and waterways transportation. Money will also be allocated for highways, ports and airports.
In the same blog the president also informed readers that there would be further investments in hydroelectric plants. She said that since the launch of PAC 22 hydroelectric plants had started operating increasing capacity by 4,000 MW. Another eleven projects are in the works and they will add an additional 18,702 MW.