Brazil unveils $66bn stimulus plan for ailing economy

The Brazilian government has unveiled a R$133bn($66bn) stimulus plan designed to revive investment in the country's infrastructure and boost its flagging economy.

President Dilma Rousseff has said the government was set to sell concessions in nine highways and 12 railways before tackling other areas of infrastructure. The infrastructure spend will help Brazil prepare for the hosting of the Olympics in 2016. The stimulus package is expected to be the first of a series of announcements set to be unveiled in the coming weeks. Rousseff told a congregation of politicians and businessmen that railways and roads would be the starting point, but the plan was to move on to airports, ports and waterways. Despite overtaking the UK as the sixth large...