Brazil approves port infrastructure works for 1.73bn in Rio and Santos

Saturday, August 23rd 2014 - 06:50 UTC

Full article 12 comments

Brazil's National Port Authority and Waterways has approved 1.73bn dollars in port infrastructure works to be carried out by three local operators: steelmaker CSN, container terminal operator Santos Brazil and US food and agribusiness firm Archer Daniels Midland Company (ADM). Read full article

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Briton
They will need it big, and deep,

for when the royal navies aircraft carrier make a visit..
Aug 23rd, 2014 - 06:13 pm - Link - Report abuse 0
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Jack Bauer
Once again, investments to improve Brazil's infrastructure come from the private sector. If they were to wait for the government to do its job properly, forget it. Even after ex-prez Lulasshole earmarked approximately US$ 350 billion for 2(two) nationwide investment programs , to be completed within a period of 10 years - the infamous PAC's 1 and 2 - 7 years later there's virtually little or nothing to show for it.
Despite the roughly 1,5 trillion dollars the government collects in taxes annually, they never seem to have enough money to spend on productive investments. Once they've squandered all the taxpayers money, they decide it might wiser to hand the problems over to the private sector to solve.. For the seaports and terminals this has been true for just about as long as I can remember, and the most recent example of this government screwing up, was when they realized they would never meet the deadlines for the completion of the airport infrastructure, for the World Cup. The private sector was called in and saved Dilma's ass. Unfortunately.
Aug 23rd, 2014 - 11:03 pm - Link - Report abuse 0
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EscoSes Doido
Word Jack.
@1
The Brasilians will in deed be getting it 'big and deep' right up their posteriors by the very people they elected.
Aug 24th, 2014 - 02:10 am - Link - Report abuse 0
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Troy Tempest
Good for trade, and good for Brazil, as they take over from their southern neighbour who has no political will to dredge their harbour.
Aug 24th, 2014 - 08:14 am - Link - Report abuse 0
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Jack Bauer
The Brazilian problem, besides the politicians, is what is called “Custo Brasil”, or the 'excessive cost of doing business in Brazil'.
The president prior to Lula (the PT got in, 2003) , FHC, was on the right track to try to reduce government bureaucracy and red tape, in order to reduce this notorious cost which makes Brazil uncompetitive in just about every sector. With the PT, the cost of Big Government has skyrocketed, the most evident single cause, besides irresponsible spending and corruption, is the increase of the 16 Ministries ( the number to which FHC had reduced them, from 28 when he took office), back to 39. The PT's 'power' project is carried out through infiltrating their 'comrades' in as many public agencies and State -run companies (Petrobrás, for example) as they can, in order to gain control over every stage of decision-making...and to prevent effective accountability of their actions, even if it means creating more, totally unnecessary ministries in which they have accomodated all their pals...earning high salaries. By law, no government in Brazil is allowed to spend more than 60% of their tax revenue on their payrolls....even this figure, if adhered to, is excessive, and the result is that not much, perhaps 10% is left over for public investment. It's a cycle which needs a really tough and fair government , to be broken. Unlikely in the near future.
Aug 24th, 2014 - 05:54 pm - Link - Report abuse 0
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Anglotino
@3

Paulcedron why did you change your login?
Aug 24th, 2014 - 09:54 pm - Link - Report abuse 0
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ilsen
3 EscoSes Doido (#)

Fake!
Aug 25th, 2014 - 10:21 am - Link - Report abuse 0
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Jack Bauer
@6&@7, good question, who is the impostor with the capital “S” in his site name ?
Aug 25th, 2014 - 05:55 pm - Link - Report abuse 0
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ilsen
Lady Paulina Connipty-Fitz of Covetously Crouching-Down.
Or paulcedron, as he is known back in the barrio.
Aug 25th, 2014 - 08:42 pm - Link - Report abuse 0
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Anglotino
LOL
Aug 25th, 2014 - 10:58 pm - Link - Report abuse 0
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ilsen
:-) Chortle
Aug 30th, 2014 - 12:50 pm - Link - Report abuse 0
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EscoSes Doido
Its is me still. I wanted to highlight the deliberate spelling of my handle, for the benefit of a certain RG.
Aug 30th, 2014 - 03:19 pm - Link - Report abuse 0
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