November 8, 2016 / 12:17 PM / 2 years ago

Brazil's Temer looks to private investors to upgrade infrastructure

BRASILIA, Nov 8 (Reuters) - Brazilian President Michel Temer said on Tuesday that his government is seeking to increase the role of the private sector in modernizing the country’s infrastructure and he sees positive economic growth by the second half of next year.

Addressing Brazil’s industrial lobby, Temer urged rapid approval by Congress of a federal spending cap this year that would be followed by a proposal to reform the costly pension system to restore fiscal discipline. His government plans to sell concessions for private companies to operate airports and railroads and build roads and port terminals. (Reporting by Anthony Boadle; Editing by Daniel Flynn)

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