The World Bank's private sector arm will invest at least US$1bn annually in infrastructure projects during the next few years.
In order to ensure that economic growth is sustainable, the country needs to more than double current levels of infrastructure investments, according to development bank BNDES.
According to a study by the development bank, if governments in the region invested just 0.3% of GDP in water and sanitation, these services could cover 100% of the population within 17 years.
The works, halted in January 2017, have now been resumed and will require a total investment of 353mn reais (US$107mn).
The federal government will put up approximately US$90mn to build houses and sanitation networks in three cities that were hit by massive floods back in 2011.
The first stage involves widening a 60km section of national route 33 and turning it into a four-lane highway.