Brazil Out In Front In The Race For Infrastructure
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Brazil will spend in excess of $1 trillion on infrastructure projects in preparation for the 2014 World Cup and 2016 Olympic Games.
Added to the $280 billion that has already been invested since 2007, President Luiz Inacio Lula da Silvas recent announcement that $878 billion would be spent between now and the time of the Rio Olympics has given a major boost to the country's preparations to host two of the world's biggest sporting events.
Hundreds of thousands of athletes and spectators from all corners of the globe will be descending on Brazil between 2014 and 2016 and this emerging world power is more than ready to take its place in the spotlight. At a ceremony at the Brazilian foreign affairs ministry last Monday, President Lula da Silva announced a programme of massive airport investment in time for the 2014 World Cup.
The majority of the funds will be invested in the 12 host cities, in particular their airports. The following cities are hosting stages, Brasilia, Cuiab, Curitiba, Fortaleza, Manaos, Porto Alegre, Salvador, Rio de Janeiro, Sao Paulo, Belo Horizonte, Recife and Natal. The works are forecast to be completed between June 2013 and April 2014 in advance of the World Cup visitors.
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.
At the launch President Lula da Silva said that provision of a strong railway network has been overlooked for the last 15 years. He went on to promise that the government would "furnish Brazil with good roads, waterways and train line systems, and this process has begun".
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.
As is common practice for World Cup and Olympic venues, the new stadiums and associated infrastructure works have been planned to contribute domestically for many years after the games have been held.
Article Source: Articlelogy.com
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