Although Brazil has been growing quickly as a nation, its economic growth has been stinted by the country’s lack of investment in infrastructure. In preparation for the 2014 World Cup and the 2016 Olympics, Brazil is expected to spend over one trillion dollars from the Brazilian government and as much as $34 billion from private investors. The money will go toward numerous construction projects designed to increase and improve upon Brazil’s roads, railways, stadiums, hotels and airports. More information after the break.
With only three years left to make up for 30 years without investments in infrastructure, Brazil faces extreme challenges in meeting its extensive development goals. It is no surprise that the country’s plans are already running behind schedule, but if it can pull through, Brazil will generate huge profits in economic activity through investment, tourism and consumption. This will put Brazil’s economy one step closer to finally being able to compete with the economies of other leading countries.
