Wednesday, March 31, 2010

Brasil plans massive investment

President Luiz Inacio Lula da Silva launched on 29 March a $878 billion program to upgrade Brazil's infrastructure in the period 2011-2014. The plan will improve access to clean water, medical posts and energy as well as modernize the country's air, road and rail system. The energy part of the plan envisages investment of 257 billion dollars. This includes the five year plan of Petrobras, the Brazilian energy giant to invest 220 billion dollars, the largest corporate investment in the whole world at this time.
This is besides the investment being made for Olympic games 2016 and World Cup Football 2014.
Indian companies should rush in to get projects, contracts, subcontracts and orders for supply of equipments, machinery and materials.

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