HOME


ABOUT CRGP
MEMBERSHIP
PEOPLE
RESEARCH
PUBLICATIONS
EVENTS
NEWS
  CRGP News
  Global Projects Blog
  Global Projects RealNews






« Macquarie signs joint venture aimed at Russian infrastructure | Main | China, Mozambique: old friends, new business »

August 11, 2007

Infrastructure puts brakes on Brazil's growth

By MICHAEL ASTOR
The Associated Press

RIO DE JANEIRO, BRAZIL - Aviation chaos, unpaved highways and the threat of energy rationing point to perhaps Brazil's greatest challenge in its quest to become an economic superpower: How to upgrade its overburdened infrastructure.

The government is planning to spend billions of dollars in coming years to modernize and expand roads, power plants and ports in a bid to accelerate growth in South America's largest economy.

But decades of infrastructure neglect, due to years of economic instability in the wake of the Latin American debt crisis of the 1980s, will not be quickly remedied. The strain, in some cases, is having disastrous consequences.

Full Story...

Posted by rjorr at August 11, 2007 7:33 PM