Brazil's Temer launches 45 billion reais infrastructure concession plan

Reuters News
Posted: Mar 07, 2017 2:58 PM

BRASILIA (Reuters) - Brazil's President Michel Temer launched an infrastructure concessions program on Tuesday that he said should raise 45 billion reais ($14.43 billion) in investment in building and operating roads, port terminals, railways and electrical transmission lines.

Temer said the program was key to restoring an attractive business environment in Brazil as the country struggles to pull out of its worst recession.

(Reporting by Anthony Boadle; Editing by Daniel Flynn)