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

Best-seller Books, Plays and Movies

To understand Brazil’s rural unionism, we need to distinguish among the movement’s four different ...

Brazil Starts Renegotiation of Its Oil Deals in Bolivia

Bolivia’s government has appointed directors to sit on the boards of five foreign energy ...

Brazil Cheers Fed’s Cut and Gets Ready for Bull Times

The surprising US Fed's cut of its federal funds rate by 50 basis points ...

Arabs and Mercosur Take Step to Free Trade Zone

“Between 2003 and 2004, Brazilian exports for Arab countries increased 47%. This agreement further ...

Brazil Exports to Arabs Jump 7%, but Imports Slide 62%

Brazilian exports to the Arab countries generated US$ 716 million in April, an increase ...

Jubarte, a Test for Brazil as Oil Powerhouse

Brazilian President, Luiz Inácio Lula da Silva, inaugurated last week Brazil's first extraction of ...

Sugar, Paper and Leather Lead Brazil’s 8.2% Hike in Agribusiness Exports

Brazil earned US$ 13.2 billion with exports of agricultural and livestock products between January ...

Brazil Is the Theme of German BioFach Organic Fair

Eleven small Brazilian firms that produce organic foods and services will represent the state ...

US, France and Great Britain Debate in Brazil Paulo Freire’s Literacy Method

Experts from Brazil, United States. Angola, Portugal, Colombia, Belgium, France, Germany, and England are ...

Miss Brazil 1993, Leila Schuster

Former Miss Brazil Needs Surgery After Being Robbed in Rio

Leila Schuster, 35, who was Miss Brazil in 1993, got discharged from the hospital ...