Investment in Brazilian roads, railways and highways channels falls short, says Ipea

Funds earmarked by the Brazilian Government to improve roads, railways and hydro channels for shipping cargo transport have not been fully spent, according to the Institute of economic research (Ipea). Federal road spending was estimated to be US $ 6.72 billion (BRL 13.62bn) in 2012, but Ipea says that so far only 48.3% $ 3.23 billion (BRL 6.58bn) of that amount has been used.
November 2, 2012 Read time: 1 min
Funds earmarked by the Brazilian Government to improve roads, railways and hydro channels for shipping cargo transport have not been fully spent, according to the Institute of economic research (3283 Ipea).

Federal road spending was estimated to be US $ 6.72 billion (BRL 13.62bn) in 2012, but Ipea says that so far only 48.3% $ 3.23 billion (BRL 6.58bn) of that amount has been used. Railways investment in 2012 was estimated at $ 1.35 billion (BRL 2.75bn), but Ipea says only $ 363.98 million (BRL 740mn) had been used so far - 26.9% of the estimated spend.

For more information on companies in this article

Related Content

  • Sweden’s US$81.02 billion for 2014-15 transport system development
    June 18, 2013
    The Swedish Transport Administration (Trafikverket) has unveiled a US$81.02 billion (SEK 522bn) plan for national transport systems in 2014-15. Around $43.66 billion (SEK 281 billion) of the budget been earmarked for transport system development, $24.05 billion (SEK 155bn) will be spent on road maintenance, and $13.34 billion (SEK 86bn) have been earmarked for railway maintenance. The Transport Administration’s plan also includes investment in speed cameras along 60,000kms of road as well as around 100 cros
    Read More
  • Series of road projects due for Peru
    July 12, 2012
    A major road building programme is expected in Peru in due course. The country’s Ministry of Transport and Communications (MTC) in Peru is planning 12 road concessions that will extend some 4,740km. These concessions will be worth in excess of US$3 billion in the period up to 2016. Peru’s Government wants to continue progress made so far in improving connectivity in the country and also with its neighbours.
    Read More
  • 90% of Ukraine roads require major repairs, according to state agency advisor
    February 21, 2013
    A reported 90% of Ukraine's 169,000kms of roads require major repairs at a minimum cost of US$55.49 billion (UAH 450bn), according to the advisor of the head of Ukravtodor state agency Engeniy Prusenko. The budget of the state program for motor road development in 2013-2018, approved by the Ukrainian cabinet of ministers in September 2012, amounts to UAH 264bn. Prusenko says that the program's funding is carried out according to plan, but it is not enough to conduct the needed amount of repairs. The governm
    Read More
  • Boom in Asian infrastructure investment
    February 8, 2012
    Investment in China and India continues unabated, but other nations on the continent are eager to attract companies as Patrick Smith reports Asia is still booming despite the current economic crisis, and new infrastructure programmes are constantly coming on stream. Powerhouses China and India, with their double-digit growth figures and huge infrastructure plans (in scope and cost), are leading the way and are still magnets for businesses wishing to expand, both in terms of facilities and customers. But oth
    Read More

Highlighted Content