Brazil Starts to Fix Its Roads

Brazil’s Ministry of Transportation will immediately employ on road restoration US$ 581 million (1.5 billion reais) of the total of US$ 1.6 billion (4.2 billion reais) that the government must release until August.

The Minister of Transportation, Alfredo Pereira do Nascimento, affirmed “This means the return of investments on roads in Brazil and the generation of many jobs.”


According to the Minister, of the total planned for road constructions, US$ 378 million (978 million reais) will go to the Pilot Project, which is the result of an agreement presented by the Brazilian government to the International Monetary Fund (IMF).


The government and the IMF negotiated the withdrawal of investments in strategic sectors used in the primary surplus calculation.


400 entrepreneurs meeting in Curitiba, southern Brazil, at the IV Brazilian Seminar on Transportation, Logistics, and Exportation earlier this month, reached a consensus that the country needs to improve its infrastructure, considered an impediment to Brazilian exports.


According to the president of the Cexpar (Foreign Trade Center Institute of the State of Paraná), Zufiro Bosio, “it is a mistake to think that the productive sector has problems exporting in consequence of customs barriers. Logistical shortcomings add 30% to the price tag of products manufactured in Brazil, making it difficult to compete abroad.”


The exporters contend that they lose clients because buyers are afraid that the precarious conditions of highways and ports will delay deliveries.


ABr

Tags:

You May Also Like

Brazilian Senator Calls Lula ‘Fat Boozing Rat’

Brazilian President Luiz Inácio Lula da Silva is already in New York where he ...

Brazil President Is in New York to Address the UN on the Evils of US’s Invasion of Privacy

Brazilian President Dilma Rousseff is already in New York, where she arrived this Monday ...

Brazilian sugarcane cutter

World Won’t Buy Brazil Ethanol When It Finds Out How It’s Made, Says Congressman

Repercussions over Brazilian President, Luiz Inácio Lula da Silva, declaration earlier this week that  ...

In Haiti, Brazilian Minister Stresses Importance of Coming Elections

Brazil’s Minister of Foreign Relations, Celso Amorim, paid a visit Monday, September 19, to ...

On the Hot Seat

Found in a trunk 24 years after its author’s death, The Yellow Sofa is ...

Brazil Says Its Sí£o Francisco River Project Will Benefit 12 Million

Brazil’s Ministry of National Integration reports that its regional river basin development corporation (Companhia ...

Poorest 50% of Brazilians to Get 15% of the GDP

The share of the country’s total income allotted to the poorest half of the ...

Brazil’s High Tech Firm to Build Two Additional Factories

Brazilian high-technology EBCO Systems company announced that they will invest US$ 100 million in ...

Felipe Giaffone

Brazilian Giaffone Stalks the Field at this Sunday’s Indy

The personal histories and accomplishments of Brazilians like Hélio Castroneves, famous for his 2001 ...

Brazil Justice Fines Priest for Saying Pro-Abortion Woman Is Pro-Abortion

A panel of judges in BrasÀ­lia, the Brazilian capital, has ordered a Catholic priest ...