Brasília – The new phase of the Logistics Investment Program announced this Tuesday (9th) by the Brazilian minister of Planning, Budget and Management provides for investments of R$ 198.4 billion (US$ 63.2 billion at current exchange rates) in a bid to unlock the country’s economic potential over the next few years. The money will be spent by private enterprises on infrastructure projects such as roads, railways, airports and ports.
The minister stated that the goal is to have the concessions underway before president Dilma Rousseff’s term in office is over, and added that the government is in talks with state governors over regional investments.
The investment will be divided into R$ 66.1 billion (US$ 21 billion) for roads, R$ 86.4 billion (US$ 27.5 billion) for railways, R$ 37.4 billion (US$ 11.9 billion) for ports and R$ 8.5 billion (US$ 2.7 billion) for airports. Out of the total amount, R$ 69.2 billion (US$ 22 billion) will be invested between 2015 and 2018. From 2019 on, R$ 129.2 billion (US$ 41.1 billion) in investments should be rolled out under the program.
Through the program, the government intends to encourage the use of financial instruments in order to funnel private resources into medium- and long-term projects. The announcement was made at government seat Palácio do Planalto, in the presence of executives, specialists and infrastructure sector authorities.
*Translated by Gabriel Pomerancblum
