Brazil may receive over $12 billion in both domestic and international investments for infrastructure in 2020. The estimate was made by the Brazilian Minister of Infrastructure Tarcísio Freitas.
In a Thursday (Aug 8) statement in São Paulo, Brazil’s Infrastructure Minister Tarcísio Freitas said the government plans to virtually double the percentage of cargo transported by train in the next eight years.
US Commerce Secretary Wilbur Ross said Thursday (Aug 1) that US companies want to expand their participation in infrastructure projects in Latin America, especially Brazil.
Brazil is expected to receive $621 million from the New Development Bank (NDB)—the financial institution created in 2015 by Brics, comprising Brazil, Russia, India, China, and South Africa.
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