SAO PAULO Feb 8 Brazil's biggest low-income
homebuilder, MRV Engenharia e Participações SA,
boosted spending on public works by 50 percent last year, the
company said on Wednesday, in a sign of stricter permitting and
more housing starts ahead.
MRV spent 192 million reais ($62 million) to build schools,
sewage treatment stations and roads around its housing projects
in 2016, according to a statement.
Low-income homebuilders such as MRV have been forced to
spend more on public works in recent years as municipalities
require more urban infrastructure in return for approving new
housing projects. A spokesperson for MRV said about a quarter of
its public works spending last year was voluntary.
Higher infrastructure spending also underscores MRV's
efforts to speed up housing starts as Brazil's central bank cuts
interest rates to pull the economy out of a deep recession.
($1 = 3.11 Brazilian reais)
(Reporting by Ana Mano; Editing by Sandra Maler)