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

  • Morocco’s new motorway links are boosting connectivity
    December 16, 2014
    Morocco’s massive motorway construction programme will improve transport connections and boost this North African country’s economy - Mike Woof reports A massive road building programme is transforming Morocco, with new motorways connecting cities and major towns, as well as many new rural roads being built. The Moroccan Government has set an impressive plan for its infrastructure investment that will see even the country’s small and remote villages having proper connections to the main road network. The
    Read More
  • Canada: Ring of Fire road debate heats up
    September 6, 2016
    A 400km road built specifically into the Canada’s isolated but mineral-rich Ring of Fire region could cost between US$204-$443 million, according to a government-funded study. The road, entirely in the province of Ontario, would start in the port of Thunder Bay at the head of the Great Lakes and run northeast to the James Bay area, just south of Hudson Bay.
    Read More
  • Budget set for Zimbabwe highway deal
    November 12, 2018
    The budget has been set at US$693 million for the Zimbabwe’s highway running between Harare, Masvingo and Beibridge.
    Read More
  • China plans important construction machinery show in Changsa for May 2019
    January 8, 2019
    An important construction machinery exhibition for the global equipment market is being planned for the Chinese city of Changsha in May 2019.
    Read More

Highlighted Content