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

  • Successful Eurobitume conference in Istanbul
    June 26, 2012
    The Eurasphalt & Eurobitume 2012 event in Turkey has attracted record attendance figures - Mike Woof reports A strong focus on sustainability has been the focus for the 5th Eurasphalt & Eurobitume Congress held in June 2012 at Turkey’s Istanbul Lutfi Kirdar Congress Centre. The conference had as its theme: Asphalt, the sustainable road to success and attracted the highest ever number of attendees for this four yearly event. In one of the opening presentations Turkey’s transport minister, Binali Yildirim, sp
    Read More
  • Kenya rehabilitates, widens, tolls Northern Corridor
    November 8, 2017
    A massive highway project in Kenya will boost transport for the country as well as its neighbours - Shem Oirere reports. Kenya has commenced the process of rehabilitating, expanding and tolling of 657km of East Africa’s Northern Corridor that is anchored on the Indian Ocean port of Mombasa and which links the gateway with landlocked countries of Uganda, Rwanda, Burundi and parts of eastern Democratic Republic of Congo (DRC).
    Read More
  • Egis expands in Brazil with acquisition of Lenc
    November 28, 2014
    French engineering firm Egis has expanded further into the Brazilian infrastructure market with the purchase of highways contractor Lenc for an undisclosed sum. A statement from Egis said the acquisition is part of a strategy to expand aggressively in Brazil that it has been focusing on since 2011. Lenc, established in Sao Paulo in 1975, has 450 employees whose road building work ranges from preliminary studies and project management to work supervision and inspection. It also operates nearly 2,500km
    Read More
  • State-of-the art road tunnels in construction and use of ITS
    April 25, 2013
    A wealth of major road tunnel construction projects and significant cant ITS installations within existing key road tunnels have been recently completed or will soon be underway. Guy Woodford examines some of them. A state-of-the art Tunnel Boring Machine (TBM) - the 10th largest ever to be built worldwide will be put to work later this year on New Zealand Transport Agency’s landmark Waterview Connection project in Auckland. The giant Herrenknecht-manufactured machine will be used to construct the twin 2.5
    Read More

Highlighted Content