Brazilian Economy Remains Robust with Energy, Infrastructure Investments

Things are heating up for South America’s largest country, Brazil, in the February 2012 issue of Construction Headline News. This month’s issue delves into one of the world’s largest and fastest growing economies as Brazilians invest heavily in new projects to keep up the pace with growing demand from all construction sectors. As crude production hits record highs, other projects in renewable energy, infrastructure, and housing are also aiming to be a part of this growing economic powerhouse.

Also featured in this month’s issue, the Massachusetts attorney general recently announced a lawsuit against an insurance company for refusing to compensate the state over a faulty bridge that collapsed in 2007. Across the US, state lawmakers in Nevada ask their attorney general to defend over $6 million in attorney fees to defend against a freeway construction dispute that has yet to go to arbitration. The “Construction Delays” section digs into over 34 stalled construction projects in Dayton, Ohio, with over $2 billion in combined price tags, and 21 of those projects are to be pushed back over 10 years. Also in this section, the stalled multi-million dollar Louvre and Guggenheim museums are now set to open in 2015 and 2017, respectively, on Abu Dhabi’s Saadiyat Island.

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