Brazil budget cuts cause project delays

Brazil’s Transport Ministry is to postpone 30 major projects due to budget cuts. The Ministry of Transport says that 30 projects that would have been launched in 2015 will now be postponed due to the reduced budget. The cut is estimated to be between 30% and 40% of the Ministry's budget, cutting up to US$2.04 billion in funding. Instead the Transport Ministry will now focus on projects that are already complete or close to being finished. However those projects considered to be of value to the national econ
April 30, 2015 Read time: 2 mins
Brazil’s Transport Ministry is to postpone 30 major projects due to budget cuts. The Ministry of Transport says that 30 projects that would have been launched in 2015 will now be postponed due to the reduced budget. The cut is estimated to be between 30% and 40% of the Ministry's budget, cutting up to US$2.04 billion in funding. Instead the Transport Ministry will now focus on projects that are already complete or close to being finished. However those projects considered to be of value to the national economy will be given priority. These projects include the expansion of the BR-163 highway, as this route is key to the transportation of foodstuffs in the Central-West region. The list of projects now likely to be postponed has not so far been released however due to concerns over the potential political backlash. When this list becomes available it is likely to trigger criticism.
Finance & Funding

Related Content

  • GPS machine control paves the way for Turkish canal
    February 7, 2012
    GPS machine control for earthworks and concrete paving is helping to fast track construction of an irrigation canal in Turkey - Claire Symes reports. The Turkish economy is expected to flourish as a result of construction of a new irrigation channel currently underway in the east of the country. This canal is benefiting from the latest concrete paving and earthmoving technology and will bring with it prosperity to a deprived area of the country. But the project is already taking the lead in terms of Turkish
    Read More
  • Caterpillar has a Vision that includes total project site overview
    April 5, 2016
    Caterpillar may be on its financial back foot, but a recent event showed the company has a vision far beyond this or the next financial year – David Arminas reports. Many construction machinery manufacturers have some data collection and analysis systems for their heavy equipment. For a good decade, manufacturers have been moving in this direction, first as retrofit packages on machines in the field and increasingly as standard on newer models. Caterpillar is no exception among manufacturers that are movin
    Read More
  • South Eastern Nigeria road project underway
    May 28, 2019
    Construction work on an important road link is underway in South Eastern Nigeria. The US$333 million road link will connect Bodo with Bonny Island. The 35.7km road includes the construction of a new bridge. The work is being carried out by contractor Julius Berger and commenced in 2017, with completion due in 2022. The project faces technical challenges as 7km of the route runs through marshy ground. There have also been issues between residents in the area and the contractor. When complete, the new road w
    Read More
  • Get paid faster for your work by being efficient, optimised, and careful with resources… get connected now
    September 1, 2023
    In this, the third roundtable meeting in World Highways’ series of Connected Construction discussions, Guy Woodford discusses the implications of developments in artificial intelligence (AI) and machine control with world-class experts in their field. Find out what Elwyn McLachlan, vice president of Civil Solutions at Trimble, Murray Lodge, senior vice president and general manager of Construction at Topcon Positioning Group, and Magnus Thibblin, vice president Heavy Construction at Hexagon Geosystems have to say about how you should be positioning your company for a successful future.
    Read More

Highlighted Content