Brazil's government has sharply increased spending in local infrastructure projects proposed by lawmakers, according to budget data reviewed by Reuters on Tuesday, as a graft scandal threatens to topple President Michel Temer.Federal spending on infrastructure works and other projects this year sponsored by congressmen for their constituencies jumped to 5.2 billion reais ($1.57 billion) in June, up from 959 million reais the month before, the data showed.
Brazilian city of Rio de Janeiro has commenced operations on the new light-rail vehicle (LRV) system, a move that comes just ahead of the Olympic Games this year. Built in a two-phased approach, the 28km tramway network has three lines and 31 stations. Phase I included the installation of the Vila de Mídia-Santo Cristo-Praça Mauá-Cinelândia stretch, and Phase II covers the Central-Barcas, Santo Cristo-América-Central-Candelária, América-Vila de Mídia, and Barcas-Santos Dumont parts. The line was constructed and will be operated by VLT Carioca consortium, which comprises of CCR, OTP, INVEPAR, RIOPAR, BRT, and RATP Dév. Alstom is providing a full integrated…
Friday, 23 June 2017 09:45

Rio Line 4 to Barra da Tijuca

Vice President Michel Temer, Rio de Janeiro state governor Luiz Fernando Pezão and Rio Mayor Eduardo Paes attended the opening ceremony for the city’s third metro line on July 30. Line 4 serves the Olympic Village, and will only be used by athletes and spectators until September 17, when it will open to the public. The Olympic Games begin on August 5.
Brazilian Finance Minister Joaquim Levy said he expected the country’s economic slowdown to be temporary and that fiscal discipline remained centralto ensuring the recovery as a commodity price boomwaned. Addressing investors in London, Levy said fiscal discipline was needed to cushion the economy against the inflationary effects of the falling Real currency. Levy reiterated that the government is sticking to its primary surplus target of 1.2% of GDP, something the IMF said is crucial to regain investors' confidence. Generous spending and tax breaks in President DilmaRousseff's first term left Brazil with an overall deficit of 7.8% of GDP in the…
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