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

  • Key expressway route through Hunter Valley
    November 11, 2013
    Australia’s Hunter Valley will benefit from a new high speed expressway, which is currently under construction - Simon Gould reports Located two hours north of Sydney, the Hunter Valley region in New South Wales is one of Australia’s largest producers of coal and wine. With international demand, particularly from Asia, for both continuing to increase, a significant upgrade of infrastructure was required between the region and the port of Newcastle, the world’s largest coal export port. However the strict en
    Read More
  • Latin America road safety plan proposed
    June 14, 2019
    A new report suggests key strategies to cut road deaths and injuries in Latin America. The report was commissioned by Bloomberg Philanthropies and shows that more than 25,000 Latin American lives could be saved and over 170,000 serious injuries prevented by 2030 if United Nations (UN) vehicle safety regulations were applied by four key countries in the region—Argentina, Chile, Mexico and Brazil. The report was prepared by the UK-based Transport Research Laboratory (TRL). The aim of the study was to estimat
    Read More
  • Merseylink wins US$3.12bn Mersey Gateway Project contract
    June 20, 2013
    Merseylink was today announced as the preferred bidder for the US$3.12 billion (£2bn) Mersey Gateway Project in North West England. Making the announcement together in the observatory in the Catalyst Museum in Widnes overlooking the River Mersey, Halton Borough Council and Merseylink also confirmed they have jointly identified savings amounting to “tens of millions of pounds” on the projected public sector contribution to the project budget.
    Read More
  • GPS machine control speeds dangerous road improvement
    April 11, 2012
    A Canadian contractor has carried out major roadworks to improve safety on a dangerous stretch of road, using technology to complete the work smoothly. Wiltech Developments, located in West Kelowna, British Columbia, has a great deal of experience. In the contracting sector. The firm works in most. of British Columbia and currently owns more than 40 pieces of heavy machinery, with the majority of these units featuring Trimble Grade Control equipment, a move that has improved its operations.
    Read More

Highlighted Content