Brazil opens ports to private investment hoping to ease bottlenecks strangling exports growth

Monday, May 20th 2013 - 22:22 UTC

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Brazil’s Congress approved legislation that opens up state-owned ports to private investment and lifts restrictions on the building of private ports in a bid to eliminate serious bottlenecks strangling the country’s export growth. The Brazilian Association of Infrastructure and Basic Industries praised the approval of the bill and anticipate investment of 25bn dollars. Read full article

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Math
PT's mismanagement of the country is visible from favelas, but these band-aids won't last enough.
May 21st, 2013 - 03:23 am - Link - Report abuse 0
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GeoffWard2
A good move - following in the footsteps of Cardoso ... strange to see the Dilma Coalition doing this!
But it is a little dose of reality.
On its own, though, it will always fail to break the import/export log-jam.

The partner development MUST be the removal of the massive corrupt burocracy.
I have personally suffered blackmail demands to release goods from the bonded warehouses in excess of the value of the goods
May 21st, 2013 - 09:47 pm - Link - Report abuse 0
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