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

  • Global credit squeeze impacts Australia's road construction
    July 13, 2012
    Roads Australia steps up in policy debate as road construction feels the pinch of the credit squeeze, as Mark Bowmer (RA media director) reports Like all markets around the world, Australia is feeling the effects of the global credit squeeze and its impact on the delivery of major infrastructure projects such as roads. In Sydney, for example, lack of funding (both from government and private sources) is seen as the major stumbling block to the construction of a much-needed eastern extension to Sydney's main
    Read More
  • UK’s embarrassing road conditions
    January 17, 2025
    The UK’s roads are a national embarrassment.
    Read More
  • New tunnel link proposed for Colombia
    July 23, 2013
    Even as work continues on La Linea tunnel in Colombia, the country’s government has received a proposal for an additional tunnel link. A consortium made up of Colombian companies and Italian firms has suggested building a new tunnel to link Quindio and Tolima. Odinsa, Mincivil, Impregilo and Salini are involved in the consortium and have suggested a PPP as being a possible model under which to construct the link, which could cost in the order of US$531 million and would be 8.5km long. The economic case for
    Read More
  • US$1.3 billion Chilean road tender delayed
    June 19, 2024
    The tender for a US$1.3 billion Chilean road project is being delayed.
    Read More

Highlighted Content