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

  • Vietnam’s key expressway project
    April 1, 2020
    Vietnam’s key expressway project sees revised plan
    Read More
  • Russia new programme for developing high-speed roads
    January 14, 2019
    Russia has approved a new state programme for the development of its high-speed road network – Eugene Gerden reports The Russian government has officially approved a new state programme, which is aimed at developing the federal high-speed road network in the country. This programme will run until 2030, according to recent statements by the official state press-service. According to some leading Russian experts in the roadbuilding sector, the need to implement these plans is acute. At present the tota
    Read More
  • US highway bill finally receives approval by government
    September 27, 2012
    After a long series of delays, the US Government has finally managed to agree the latest highway reauthorisation bill. This comes after numerous short term extensions of the previous bill, due to political stalemate. The short term extensions were not sufficient to allow firms to invest and this situation stunted construction activity in the country. With the bill now in place, contractors will be able to look forward to some transport spending, and will likely increase spending on replacing old constructio
    Read More
  • Road markings and microplastics
    February 2, 2024
    Recent regulations from the European Commission have exempted road markings from microplastic bans and restrictions, at least for the moment, explains to the ERF.
    Read More

Highlighted Content