Brazil launches $26 bln port investment program

BRASILIA Thu Dec 6, 2012 8:59am EST

BRASILIA Dec 6 (Reuters) - Brazil's government launched a 54.2 billion real ($26 billion) port investment program on Thursday to expand and improve the country's port infrastructure and tackle rising logistics costs and delays in moving goods in and out of the major commodities exporter.

The bulk of the investment would be made between 2014 and 2017, ports minister Leonidas Cristino said.