Brazil invests in its railways
Brazil is taking further steps to improve its infrastructure by investing in its railway network.
According to Brazil’s national railway concessionaries association, ANTF, $2.1 billion (£1.05 billion) was spent on improving railways in 2007, which is a 58 per cent rise compared with 2006.
Executive director of the ANTF, Rodrigo Vilaca, told BNamericas: "With that amount the rail sector will have received a total investment of [£4.49 billion] over the last ten years."
In 2008, Brazilian rail companies are expecting a further investment of $1.4 billion (£0.7 billion), which is a decrease from 2007.
Mr Vilaca explained: "The 2007 record is a result of some investments that started years ago and finished in 2007."
The improvement of Brazilian railways may be good news for those considering buying a property in the nation, as it will make it easier to get around the country.
Aviation travel options have also improved in Brazil this month, after airline Brazilian airline VRG announced that it has signed interline agreements with six European airlines.
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