Posted on June 26, 2017
The Brazilian government is putting together a new infrastructure investment plan – Advance – to replace the Accelerated Growth Programme, first introduced in 2007. This latest initiative has been motivated by the 1% growth in GDP recorded in the first quarter of this year.
The new investment programme aims to inject $16bn into various sectors of the economy between 2017 and 2018.
Projects that can be completed and inaugurated by December 2018 will form part of the project portfolio. All will be implemented purely using state finance and cover a variety of sizes, but including rail and ports.
In all, 50 projects have been put forward by the Ministry of Transport. Among these are completion of the North-South Railway, which will link several export ports, and the dredging of the Port of Rio.
Also included in the programme are certain projects that are at an advanced state, but will not be completed before the next parliament in 2019.
Source: portstrategy
