Brazil To Invest us$735
Billion In Infrastructure In Coming Years
RIO DE JANEIRO - Development Minister Miguel
Jorge said Tuesday that Brazil will invest
735 billion U.S. dollars in the
infrastructure, industry and construction
sectors in the next three years.
At a Brazil-Italy business seminar in Sao
Paulo, Jorge said that it is now the best
time to invest in the country, whose economy
is expected to grow 6 to 6.5 percent in
2010.
"We have macroeconomic, political and
institutional stability," said the minister.
"Besides, we have quickly overcome the
effects of the international financial
crisis and have returned to a path of
sustainable growth."
According to Jorge, among the 735 billion
dollars, 477 billion will be invested in
infrastructure, 258 billion in the
construction sector, and another 100 billion
dollars in projects for the 2014 World Cup
and 2016 Olympic Games.
Jorge also said Italy can be a strong ally
to Brazil in the negotiations on a free
trade agreement between the Common Market of
the South and the European Union, which is
being discussed in Buenos Aires.
Brazil hopes that the negotiations will
advance in the next few months, he added. |
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