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By Jay Forte, Contributing Reporter

RIO DE JANEIRO, BRAZIL - The BNDES (Brazilian National Development Bank) released a study that says Rio de Janeiro, even after the 2016 Olympics, will need to invest R$42.5 billion within twelve years to overcome the urban transportation and infrastructure shortfalls. Across Brazil, the projection is a need for R$234 billion investments, or 4.8 percent of GDP, over the same time period.

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