Earlier this spring Luiz Inacio "Lula" da Sivla, outgoing president of Brazil, announces the second phase of the government accelerate growth program (PAC2). First phase (2007-2010) was for half a trillion. Didn't meet all its targets, but met plenty and was significant factor in Brazil's growth. With PAC2, investment as a percentage of GDP rises from just under 17% to above 21%.
The key bottlenecks are electricity and roads. Of the 1.6km of highways, only 12% are paved. Moving stuff on unpaved roads costs, on average, one-third more. At 8.5m square km, Brazil is close to the size of the US and China (both roughly 9.5m square km).