The BNDES (Brazilian National Development Bank) has affirmed in a recent study that Brazil requires a further investment of R$234 billion, 4.8 percent of GDP within the next twelve years to overcome the cities urban transportation and infrastructure shortfalls. The BNDES announced in April they have allocated approximately R$60 billion (US$19.4 billion) to forthcoming projects, representing 40% of the national banks funds for 2015.
President Nicolas Maduro this week announced a further investment of US$ 187.4 million dollars towards ongoing infrastructure works across the country, including Valencia Metro’s Line 2 project, Caracas Metro Line 1 modernization and continuing development of the Maracaibo Metro system.
The confirmation of Lima as the host of the 2019 Pan American Games brings many challenges and opportunities, as the city looks to address what…
