Monday, November 29, 2010

Infrastructure Cited As Main Concern for Brazil

Infrastructure is causing major concerns in Brazil, where officials are hoping to continue the country's growth in power among world economies.

Sun-drenched fields produce grain twice as fast as the rest of the world, but getting that grain to port across unpaved roads can cost almost half its value. Mineral deposits lie untouched for lack of rail lines to move them to markets.

Investors drawn to the country's sophisticated financial markets struggle to travel between major cities because congestion leaves airports in chaos. (Graphic on Brazilian infrastructure:

These problems will not prevent Brazil from emerging as a major world economy, said Edemir Pinto, Chief Executive of the BM&FBovespa (BVMF3.SA) exchange operator.

Brazilian infrastructure lags behind the boom
November 24, 2010