BRASILIA, (Reuters) – Brazil is sweetening terms for major infrastructure contracts to whet investor appetite and draw private capital and expertise needed to upgrade its deficient roads, railways and ports, the man in charge of planning the projects said on Tuesday.
Bernardo Figueiredo said Brazil needs to double its current level of investment in infrastructure to at least 80 billion reais ($39.2 billion) a year if it wants to resolve a transport crunch that has stymied the economy in recent years.
About half of that sum needs to come from private investors, Figueiredo, the head of government infrastructure agency EPL, told the Reuters Latin America Investment Summit.