Brazil’s push to expand infrastructure in the Amazon region will require $120bn in public and private sector investment by 2020, according to the Folha de Sao Paulo newspaper.
Dozens of large-scale projects, including dams, power transmission systems, mines, and industrial farms, are planned or already in progress in the nine states that form the Amazon region, said the paper.
By 2020, the Brazilian government aims to more than double the Amazon’s share of power generation to 23 per cent of national output, up from 10 per cent now.
Brazilian companies also have ambitions in the Amazon outside of Brazil. Oil and gas development and dam projects are major areas of investment for Brazilian firms in neighbouring countries, including Bolivia, Peru, Ecuador, Colombia and Suriname.
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