| Brazil Out In Front In The Race For Infrastructure |
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| Written by Ginny Naish |
| Saturday, 07 August 2010 12:45 |
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The government of Brazil is about to spend nearly $880 billion on infrastructure related projects leading to the 2014 World Cup and 2016 Olympic Games.
The government of Brazil is about to spend nearly $880 billion on infrastructure related projects leading to the 2014 World Cup and 2016 Olympic Games. This is in addition to the $280 billion already invested since 2007 by President Luiz Inacio Lula da Silvas administration. The Government's statement that $878 billion would be spent between 2010 and 2016 is a major boost to the Brazil's preparation with regard to these major sporting events. Many thousands of sportsmen and spectators from all corners of the world will be descending on Brazil between 2014 and 2016 and this developing world power is more than prepared to take its place as one of the largest economies in the world. The announcement of this massive infrastructure spend in July 2010 was at the Brazilian foreign affairs ministry. All of the works are forecast to be completed by April 2014, in advance of the World Cup. The host cities are , Rio de Janeiro, Sao Paulo, Belo Horizonte, Brasilia, Cuiab, Curitiba, Fortaleza, Manaos, Porto Alegre, Salvador, Recife and Natal. In answer to Lula da Silva's remaining opponents, the President on Monday dispelled any lingering doubts as to the Government's commitments to infrastructure reform with the official launch of the bidding process for the country's ground-breaking bullet train scheme. The 510km bullet train route will span the area between Rio de Janeiro and Sao Paulo in a maximum journey time of just 95 minutes. The area is home to some 40,000,000 inhabitants, which equates to twenty percent of the Brazilian population. Coupled with this are many corporations and industries that together generate more than a third of Brazil's GDP. An extension to Campinas, 50 miles from Sao Paulo has additionally been planned with the purpose of providing access to the center of Brazil's wealthiest producing and farming area. Talking at the launch President Lula da Silva said "in the last 15 years no-one in this country has laid a single train track" and guaranteed that "we're going to provide Brazil with a fantastic road system, waterways and train line systems, and this process has started". The Brazilian government will in most cases retain a majority shareholding but is looking to form joint ventures with domestic and international companies. Interest has been expressed by companies in Europe, South Korea, China and Japan. Key to Brazils infrastructure investment strategy is the planning of projects that will not just support these events but which will provide ongoing social and environmental benefits to the Brazilian people from North to South who need them for many years afterwards. About the Author: This article was written by Ginny Naish, the Managing Director of Brazil Property Administration, a Brazilian real estate consultancy based in Joao Pessoa, Paraiba. Brazil Property Administration can provide consultancy advice with regard to property development, site investigations, project management and Preparation of Design Briefs. Please visit our site for further information. |
