Bloomberg News

Brazil May Invest in Infrastructure Fund, Folha Reports

February 23, 2013

Brazil’s government may invest 15 billion reais ($7.6 billion) into a private-industry fund used to finance infrastructure projects, Folha de Sao Paulo reported, without saying where it obtained the information.

The banks would loan the money to finance highway, railway, port and airport investments, the newspaper said. The government may increase the amount in the fund at a later date, Folha reported.

To contact the reporter on this story: Matthew Malinowski in Brasilia at mmalinowski@bloomberg.net

To contact the editor responsible for this story: Sylvia Wier at swier@bloomberg.net


Tim Cook's Reboot
LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus