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Brazil May Invest in Infrastructure Fund, Folha Reports
Posted on 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