Sao Paolo: As the nation faces its worst economic figures since 1990, Brazilian president, Dilma Rousseff, yesterday announced a giant stimulus package worth close to RLS200bn ($64.78bn).
Of the total, some $12.1 billion will be spent on ports.
Among the most ambitious projects announced yesterday is a a trans-continental rail link connecting the Atlantic and Pacific oceans, giving Brazil a cheaper route to China. China is willing to help fund and build the project.
How much of this planned stimulus actually materialises is debateable however. A similar initiative in 2012 only saw 25% of the projects completed.
