Minister Tarcísio Freitas talks about challenges of Brazilian transport infrastructure
The infrastructure minister, Tarcísio Gomes de Freitas, is the guest speaker for a webinar called “Brazilian Transport Infrastructure’s Current Situation and Future Prospects,” which FGV Transport will hold on June 29. The event will be broadcast live on FGV’s YouTube channel as of 11 am.
Transport infrastructure provides the foundations for a country’s economic development and growth, as it promotes national integration through road, rail, waterway, pipeline and aviation systems, thereby allowing natural resources, manufactured products, consumer goods and people to move between different regions and to other countries.
In Brazil, the public sector’s severe and continual financial crisis over the last two decades has greatly harmed investment in transport infrastructure. In 2019, the federal government’s investment in transport infrastructure was equivalent to just 0.14% of GDP, the lowest percentage in the last 12 years, according to a report by the National Transport Confederation. According to FGV Transport, between 2008 and 2018, public investment in transport infrastructure was 0.31% of GDP on average.
Due to its low investment in roads, railroads, ports, airports and waterways, Brazil’s infrastructure has deteriorated. The National Transport Confederation’s latest Transport and Logistics Plan, published in 2018, says that Brazil needs to invest R$1.7 trillion in more than 2,600 projects in the areas of road, rail, waterway and air transport.
Despite the present economic and health crisis caused by the COVID-19 pandemic, which will have a strong negative impact on GDP in 2020, it is hoped that in 2021, measures taken by the Infrastructure Ministry will help catalyze and accelerate the recovery of the economy, employment and income generation. In addition, the federal government says that its Pro-Brazil Program, which provides for investment in public works as a way of boosting economic activity after the coronavirus pandemic, will be ready in August or September, and it will play a major role in modernizing regulations and legislation governing the infrastructure sector, besides attracting private sector infrastructure investment of up to R$250 billion.
This challenging situation will be discussed by Tarcísio Gomes de Freitas during the event, which will be moderated by the coordinator of FGV Transport, Marcus Quintella, and Rodrigo Vilaça, who also works for FGV Transport.
For more information and to sign up, click here.
Photo: Alberto Ruy/ MInfra.
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