ABSTRACT
One of the world's largest countries by land mass, Brazil's infrastructure demands and plans are massive. President Dilma Rousseff has renewed Brazil's commitment to its Programa de Acelerao do Crescimento or so-called PAC II infrastructure development programme. Much financial support for the mammoth PAC II initiative is likely to come from Brazil's development bank Banco Nacional de Desenvolvimento Econmico e Social (BNDES). The International Finance Corporation (IFC) and the International Development Bank (IDB) continue to support infrastructure efforts such as So Paulo Metro Line Four, Brazil's first (PPP), and the So Paulo ringroad segment granted under a concession to CCR, both of which were financed by the IDB, together with the Japanese Bank for International Cooperation (JBIC) and commercial lenders. With phenomenal natural resources, hydraulic cascade and reservoir potential, off-shore oil and gas, and the largest economy in Latin America, Brazil is poised to dominate the project finance arena.
