Private investment in Brazil on the rise
Monday, May 11, 2009
The Brazilian government is keen to encourage the private sector to inject money into its infrastructure expansion plans.
Vale, Brazilian mining company has announced plans to spend US$ 3 billion adding 546 km to the Estrada de Ferro Carajás railroad, alongside construction of an additional 104 km of tunnels, railroads, bridges, viaducts and loading systems, as well as the US$ 163 million expansion plan for Ponta da Madeira port, in Maranhão state. The government also expects the new regulations will attract investors to expand the country's port network.
Pedro Brito, head of its special ports department (SEP) commented: "in the first five years, we expect to attract investments of US$ 9.05 billion. The concessions will be valid for 25 years and can be extended for another 25. Bid winners will have the right to built and manage the ports, as well as transport third-party cargo". The two first new ports to be offered this year are expected to be the freshwater port of Manaus in the northern state of Amazonas and the seaport of Ilheus in the northeastern state of Bahia.
According to statistics published by the International Monetary Fund, Brazil will see economic growth of 3.5% by the end of 2010. Laura Rendell-Dunn, marketing manager at Journey Latin America commented "Brazil's economy is booming at the moment so they probably have a lot of money to invest in paving the roads, building new hotels and doing up the stadiums," said Laura Rendell-Dunn.
"That's fantastic news for tourism because if they're investing in infrastructure it makes tourists' adventures around Brazil a lot easier," she concluded.
Social BookmarkingVale, Brazilian mining company has announced plans to spend US$ 3 billion adding 546 km to the Estrada de Ferro Carajás railroad, alongside construction of an additional 104 km of tunnels, railroads, bridges, viaducts and loading systems, as well as the US$ 163 million expansion plan for Ponta da Madeira port, in Maranhão state. The government also expects the new regulations will attract investors to expand the country's port network.
Pedro Brito, head of its special ports department (SEP) commented: "in the first five years, we expect to attract investments of US$ 9.05 billion. The concessions will be valid for 25 years and can be extended for another 25. Bid winners will have the right to built and manage the ports, as well as transport third-party cargo". The two first new ports to be offered this year are expected to be the freshwater port of Manaus in the northern state of Amazonas and the seaport of Ilheus in the northeastern state of Bahia.
According to statistics published by the International Monetary Fund, Brazil will see economic growth of 3.5% by the end of 2010. Laura Rendell-Dunn, marketing manager at Journey Latin America commented "Brazil's economy is booming at the moment so they probably have a lot of money to invest in paving the roads, building new hotels and doing up the stadiums," said Laura Rendell-Dunn.
"That's fantastic news for tourism because if they're investing in infrastructure it makes tourists' adventures around Brazil a lot easier," she concluded.
Labels: Infrastructure
