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

  • Road maintenance cuts threatened for Malaysia
    August 6, 2012
    Highway managers in Malaysia face having their road maintenance funding slashed if they do not spend their current budgets. In a surprise announcement this week, the Malaysian government warned that states which “fail to manage and utilise funds allocated for road maintenance from the Federal Government risk having their provisions reduced in the future.”
    Read More
  • Mixed US transportation outlook for 2012 according to ARTBA
    April 26, 2012
    The outlook for the 2012 transportation construction market is mixed, according to the American Road & Transportation Builders Association's (ARTBA). The 2012 Transportation Construction Market forecast from ARTBA shows that the industry will face uncertain times during next year.
    Read More
  • Safety technology to cut crashes
    January 22, 2020
    Bloomberg Philanthropies has commissioned a new road safety report that shows 42,000 lives could be saved and 150,000 serious injuries prevented by 2030.
    Read More
  • Investments in Ukraine road construction to total US$2.21bn in 2013
    May 20, 2013
    Around US$2.21 billion (UAH 18bn) will be invested in road construction and repairs in Ukraine in 2013. According to infrastructure minister Vladimir Kozak, intentional financial institutions will account for around $362.49 million (UAH 3bn) of the total investments. The rest of funds will be raised under state guarantees. The most significant individual project sum of $108.74 million (UAH 900mn) will be allocated to building a bridge in Zaporozhye. The first stage will be launched in 2014.
    Read More

Highlighted Content