Nearly $100 Billion Needed
For Road Network In Brazil
BRASILIA - Brazil needs to invest
183.5 billion reais (99.1 billion dollars)
for maintenance work on its road network and
construction of new roads and bridges,
according to a report released on Monday by
the Institute of Applied Economic Research (IPEA).
According to the IPEA, a body attached to
the Brazilian Presidency, the country counts
nowadays on 61,000 kilometers of paved roads
under federal jurisdiction, of which nearly
70 percent require repair or upgrade.
The institute said that, although road
investment rose 290 percent from 1999 to
2008, it is still not enough to solve
problems of the country's road network. |
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