Brazil spending vast amounts on infrastructure
August 14, 2012
By
Canadian Consulting Engineer
Brazil estimates that it must spend $110 billion per year over the next five years to meet its infrastructure needs.
Brazil estimates that it must spend $110 billion per year over the next five years to meet its infrastructure needs.
The figures are from the Brazilian Association of Infrastructure and Basic Industries (ABDIB) and reported by Canadian Manufacturing online.
In comparison, Canada spent $8 billion on new infrastructure in 2010-2011 at the height of the government’s infrastructure investments. The figure has declined to $4 billion for 2012-13. click here
Brazil’s construction requirements are heightened by the infrastructure needs of the coming 2014 FIFA World Cup of Soccer, for which several stadiums are under construction, and the 2016 Olympic Games in Rio de Janeiro.
By 2015, Brazil is expected to have invested CDN $22 billion in its rail infrastructure alone.
The country has the fifth largest population in the world. Its GDP in 2011 was $2.324 trillion. Canada’s GDP is about $1.4 trillion.
