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Brazil to spend £42bn on roads and railways

Brazil president Dilma Rousseff yesterday unveiled a BRL133bn (£42bn) investment programme to target the nation’s highways and railways systems.

The government will deliver the investment across nine sections of road and 12 sections of railways through a series of concessions across the country.

Transport minister Paulo Sergio Passos said £28.6bn would invested in 10,000km of railways and a further £13.4bn on 7,500km of highways.

The road and rail infrastructure in Brazil is in need of upgrading, particularly as the country prepares to host the 2014 World Cup and the 2016 Olympic Games.

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