19 Oct '11, 1am

Brazil plans $120 billion in infrastructure investments in the Amazon by 2020 via @mongabay

Brazil plans $120 billion in infrastructure investments in the Amazon by 2020 via @mongabay

Brazil plans $120 billion in infrastructure investments in the Amazon by 2020 mongabay.com October 19, 2011 Brazil's push to expand infrastructure in the Amazon region will require at least 212 Brazilian reals ($120 billion) in public and private sector investment by 2020, reports Folha de Sao Paulo . Dozens of large-scale projects — including dams, high-speed rails, roads, electricity transmission systems, mines, and industrial farms — are planned or already in progress in the nine states that make up the "Legal Amazon" in Brazil. By 2020, the government aims to more than double the Amazon's share of power generation to 23 percent of national output, up from 10 percent today. The target represents 45 percent of planned energy expansion during the period. According to Folha de Sao Paulo , the Growth Acceleration Plan (PAC) will likely require weakening of existing social a...

Full article: http://news.mongabay.com/2011/1018-brazil_pac.html

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