December 30, 2016 / 9:17 AM / 8 months ago

Brazil to allocate $4.3bln from FGTS for urban infrastructure in 2017

SAO PAULO, Dec 30 (Reuters) - The Brazilian government will allocate up to 14 billion reais ($4.3 billion) from the FGTS severance fund for urban infrastructure projects, the Friday edition of the official gazette reported.

Half of the funds will fund public-sector projects and the remainder private-sector projects, the gazette said. ($1 = 3.2532 reais) (Reporting by Ana Mano)

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