Economy|Business and Economy

Brazil plans $66bn infrastructure spending

Stimulus package to help nation build roads and airports for World Cup and Olympics.

Brazil''s President Rousseff attends a ceremony, which launches the National Plan for Risk Management and Disaster Response and inaugurates the new premises of Cenad, in Brasilia
Video Duration 01 minutes 15 seconds
Published On 17 Aug 2012

Brazil’s President Dilma Rousseff has unveiled a stimulus package of nearly $66bn.

It is aimed at improving the country’s infrastructure as it prepares to host the 2014 World Cup and the 2016 Rio Olympic Games.

The money, raised through public-private partnerships, will be used to build 8,000km of new roads and railways, as well as major investments in ports and airports.

Al Jazeera’s Andy Gallacher reports.

Source: Al Jazeera