Latin America

Authors :: Winston, Sherie
Source :: ENR. Nov 30, 1998, Vol. 241 Issue 21, p54, 2 p.
Publication Year :: 1998
Abstract: Industry analysts remain optimistic that infrastructure spending and construction projects will continue in Brazil even if the economy has collapsed. The International Monetary Fund put up a $41-billion economic aid package in the hope that Brazil's economic difficulties will not spread to the entire Latin American region. Norman Anderson, managing director of CG/LA Infrastructure, said vital infrastructure projects in Brazilian transportation and telecommunications will proceed. There will also be funding for power projects but he expects a drop in private investments in Brazil.