• Categories
  • Archives

Brazil Plans Infrastructure Works to Generate 2 Million New Jobs

A road in Brazil Brazil will invest heavily in infrastructure this year, which will help create jobs and boost the economy said Brazilian President Luiz Inácio Lula da Silva during his weekly radio broadcast.

However some analysts believe original plans will have to be halved following a vote in the Senate that will cut tax revenues by the equivalent of US$ 21 billion.

But Lula continues insisting that he is optimistic and guarantees that in the coming weeks several of those major projects will be taking off.

"Many investments are about to begin,…in February, March, April almost all projects will begin generating jobs and giving more strength to our economy," he emphasized.

The Lula administration recently announced plans for major infrastructure investments and red tape clearance that should speed the program. Government economists are talking of infrastructure investments enough to generate as much as two million new jobs.

Capital investment is forecasted to expand 14% in 2008, the largest percentage in a decade according to Brazil's National Confederation of Industry.

Businessmen and investors have repeatedly complained that Brazilian roads full of craters, port facilities overloaded and insufficient railways are eroding Brazil's international competition capacities.

"We'll have a 2008 far better than 2007, with more jobs and more growth,", promised president Lula in his broadcast.

Independent economists believe the Brazilian economy expanded 5.1% in 2007 but will slow down to 4.5% this year.

Mercopress

Tags:

  • Show Comments (10)

  • João da Silva

    Eduardo C
    [quote]Corruption and lobbys[/quote]

    Very good comments and my congrats. Lately I have started believing that Corruption has become a threat to our National Security. I totally agree with your viewpoints on the condition of the roads and the sole dependence on them for transport. What is the point in selling cars in 100 installments and filling such roads with them? Remember what you mentioned in another thread about 8000 KMs of coast line we have?

  • Eduardo C.

    Corruption and lobbys
    I know all the 26 states from Brazil plus F.D. And i drove on it most of time. Because otherwise you can not exactly know it. Is ridiculous the 5th largest country depending exclusive most from roads.
    I wish BarÀƒ£o de MauÀƒ¡ could finish his plans. Anyway it is past. But even today the politicians put there interest over the need of the country. Now they are duplicating the BR101 I was observing the (Hurry up guys) work. Narrow and without thinking on security. If itÀ¢€™s finish on 2009 in 2010 in a rain season it is all full of holes. Because the government donÀ¢€™t have the wages to control the weigh of the trucks.28 tons is permitted they put 35 or even more. The most projects it is not like in the original. In the end is more expensive. And if is the same price, the companies like Gautama and many others buy s h i t t y materials to build it. I love very much my country, but this mentality of who is the smartest guy need to end. But just education will finish our at least going down this problems. But where is the investment on education? We need to invest now, to start to see results in 20 years or more. But not statistic education just to show up. But one with prepared teachers and good salary. But this lobby of the constructor companys,together with car and truck industry did not help to much.

  • Simpleton

    Lly Ca Ca doodle Do
    “those wishing to keep Brazil in second-class power will use this corruption to keep the foot on the neck of the people, guaranteeing their second-class status”

    The “second-class”, as you call them, are effectively powerless to squash those everyone feels is putting / keeping them down, walking off with an undeserved lion’s share. These folks most certainly are not stupid. I doubt they would stand for anyone (corrupt or not) keeping a foot on their neck. For most it’s really just disevolution, a matter of complacency and or conflict avoidance. They’ll settle for stasis vs sticking their heads up (and so being subject to having it lopped off / getting shot at / being burnt out of house and home . . .) over what they see as an impossiblity to improve / breakout / make a difference in their local conditions. Hey, if the government funnels benefits and improvements in your direction / into your locale – that’s nice. Welcome to the step up to mediocrity that’s been practiced elsewhere for generations.

  • Ric

    Pol Pot
    Do you mean they intend to skin people alive and bash their heads in with hoes? If so, I’m outta here.

  • João da Silva

    Forest
    [quote]start by building jails to hold the political crooks who kill the dreams of the country
    by taking the money fo the jobs[/quote]

    Dr.Cata, your compatriot will sadly disagree from your viewpoint, Admiral.He firmly believes that such actions will violate the human rights of the “political crooks”.

    From what little contact I have with him, he gives me an impression that he is more inclined towards installing a regime similar to that of Pol Pot in this country. May be, you, with your unquestionable wisdom will try to dissuade him? 😉

  • João da Silva

    Llyod Cata
    [quote]Sadly, I must agree with Shelly.[/quote]

    You are a true scholar and gentleman, Dr.Cata. You are always sad, while agreeing or disagreeing with someone!

    [quote]The better statement should be, “There is no limit to the ‘corruption’ of Brazil. [/quote]

    A wise quote and I SADLY agree with you 😉

  • forrest allen brown

    rob a little rob a lot
    go to any state in brasil and you will see the big idea gone bad .

    too many people in control wanting to fill there own pockets

    start by building jails to hold the political crooks who kill the dreams of the country
    by taking the money fo the jobs

  • Lloyd Cata

    aes
    [b]- There is no upper limit to the economy of Brazil. It is the will of the nation to make it so, that is the only impediment. – [/b]

    Sadly, I must agree with Shelly. The better statement should be, “There is no limit to the ‘corruption’ of Brazil. It is the inability of the people to make it otherwise that is the greatest impediment.” Eventually, those wishing to keep Brazil in second-class power will use this corruption to keep the foot on the neck of the people, guaranteeing their second-class status.

  • Shellly

    AES
    [quote]There is no upper limit to the economy of Brazil. It is the will of the nation to make it so, that is the only impediment.[/quote]

    Aes, I believe the people want change. I think the only impediment are our corrupt politicians. Any project in Brazil is due to cost more in the end because of “bad management”. The PAN project in Rio was an absurd. In the end, it benefited a few people. The schools and public hospitals need funding. Security is a issue in Rio and major cities in Brazil. The money could have been used to help the poor. I agree, we need to invest in infrastructure, safe highways, speed trains, civilian run air traffic control new radar systems. Brazil is a big country, it will take years before we begin seeing the benefits, to me this is all campaign for PT.

    Happy New Year to you, how was your X-mas?

  • aes

    There are those that would argue that it will become a ‘boondoggle’ but it is such a smart investment for the country and its people. Imagine Brazil with super highways and a highspeed rail. A Brazil with intelligent avionic architecture and state of the art radar. The economy has proven to be one of the best investments globally for 2007. Everything that is done for the long term benefit of Brazil’s infrastructure will insure continued economic return on investment. There is no upper limit to the economy of Brazil. It is the will of the nation to make it so, that is the only impediment.

Your email address will not be published. Required fields are marked *

comment *

  • name *

  • email *

  • website *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Ads

You May Also Like

Brazilian Activists Call Draft to Be Issued at Rio+ 20 Weak and Vague

Held once again in the south of Brazil, this year’s World Social Forum is ...

Brazil’s Embraer Sells 39 New Planes to Europe, Middle East and Africa

Embraer has just sold eight executive jets to Falcon Aviation Services, an operator based ...

Brazil Proposes Bigger Fishing Fleet to WTO

Brazil will take to the World Trade Organization meeting, in Geneva, on the 13th, ...

Brazil Approves Genetically Modified Cotton Under Protest

A ruling made last week in Brazil has authorized the planting and sale of ...

Rio Rains Close Christ the Redeemer to Tourists For First Time Ever

Rio’s towering Christ the Redeemer statue and one of the city’s most iconic tourist ...

It’s War

According to the United Nations, a country with more than 50 murders a year ...

Two of or the World’s 40 Journalists Killed This Year Are from Brazil

2005 is turning out to be another deadly year for journalists. According to International ...

Brazil Hosts Over 100 Environment Ministers for Global Eco Conference

Beginning Monday, March 13, two meetings sponsored by the United Nations in Curitiba will ...

Venezuela-Brazil Great South Gas Pipeline Will Include Bolivia

During the summit, Thursday, May 4, in the city of Puerto Iguazu, in Argentina ...