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

  • US$445 million budgeted for Algerian road repairs
    February 28, 2024
    A US$445 million budget has been set for Algerian road repairs.
    Read More
  • US Highway Trust Fund faces funding shortfall
    July 11, 2014
    In the US, the Transportation and Infrastructure Committee chairman Bill Shuster (R-PA) released a key statement on HR 5021, the Highway and Transportation Funding Act of 2014. The bill was introduced in the House by Ways and Means chairman Dave Camp (R-MI), and cosponsored by Shuster. He said, “We have an immediate, critical need to address the solvency of the Highway Trust Fund and extend the current surface transportation law. This bill does that in a responsible way with policies that have all previous
    Read More
  • Serbia’s pan-European Corridor X is in the slow lane
    October 23, 2017
    It’s been slow progress on Serbia’s Corridor X project. Gordon Feller reports. Back in the early 2000’s, the European Union undertook an ambitious programme to link the main cities of its south-eastern region. This involved connecting five key seaports – the Greek cities of Patras, Igoumenitsa, Piraeus and Thessaloniki as well as Romania’s Black Sea city of Constanta. Initially the plan involved two motorways across Greece. The first was a new 780km route including a branch to Ormenio on Greece’s north-eas
    Read More
  • The global road safety crisis needs to be addressed
    October 12, 2017
    The global road casualty rate continues to climb as motorisation levels grow and is particularly acute in the developing world. Developing countries suffer from a particularly high rate of crashes and around 90% of road fatalities. The impact, both in economic and human terms, is unsustainable. These countries cannot afford the loss to their economies of the young and economically active.
    Read More

Highlighted Content