By Lucy Jordan, Senior Contributing Reporter

BRASÍLIA, BRAZIL - In the latest in a raft of stimulus measures, the government on Wednesday announced a program that will see R$133 billion in state-directed private investment to bolster Brazil’s ailing transport infrastructure ahead of the World Cup and 2016 Olympics, Globo reported.

Transport Minister Paulo Passos said the government would award private firms with concessions of R$42.5 billion to renovate 5,700 km of highways, and R$91 billion to upgrade and construct 10,000 km of railways over the next 25 years.

Globo Subscribe to our Premium Membership Plan. Already Subscribed? Login Here