MercoPress. South Atlantic News Agency
Brazil launches ambitious $64bn infrastructure package to prop the economy
Brazil announced a $64 billion infrastructure spending package on Tuesday, hoping to revive its flagging economy with investment in highways, railroads, ports and airports. Businesses and analysts have long pointed to overburdened infrastructure as a drag on the world's seventh-largest economy, which pays high prices to ship the raw materials it exports. Read full article
Comments
Disclaimer & comment rulesI was expecting a paragraph about the bidding process for all those Brazilian contractors expecting to benefit from this bonanza.
Jun 10th, 2015 - 07:18 am - Link - Report abuse 0But I think those decisions were made in China and it didn't involve Brazilian contractors.
The 2012 programme was an abysmal failure.
Jun 10th, 2015 - 10:21 am - Link - Report abuse 0Too little too late. They're going to have to ride this one out.
Jun 10th, 2015 - 11:58 am - Link - Report abuse 0My guess is they'll be right back into the 90s economy after the slum dwellers start civil unrest and Dilma starts throwing $ at them to be quiet.
Yes. However this time the official currency of the program is the Yuan.It is expected the participation of several consortiums formed between Brazilian, Chinese, Russian, Indian, Argentinean and South African enterprises. Especially in railway concessions. Perhaps there is some way to prevent the participation of Western service providers in the public notices which will be even disclosed.
Jun 10th, 2015 - 11:58 am - Link - Report abuse 0The important thing is to isolate the United States and its allies of any business in South.
https://www.youtube.com/watch?v=QLV0ztDLtwQ
@ 4 Brasso
Jun 10th, 2015 - 12:04 pm - Link - Report abuse 0You are such a stupid person I cannot help but PMSL!
What use is the Yuan to any civilised country: absolutely NOTHING.
The Chin use it in all their “deals” to enslave the second party into THEIR system, but you are so daft you cannot even see that!
Brasileiro
Jun 10th, 2015 - 01:29 pm - Link - Report abuse 0You lie a lot. Indeed you've been caught out in dozens of lies just this year.
But that post is just full of crap. I sometimes wonder if you deliberately set out to make Brazil look bad.
I'm sure your YouTube link is a load of bull. Here's a better link:
http://www.economist.com/news/americas/21653949-government-getting-serious-about-attracting-private-investment-roads-railways-and-airports
20% was the success rate of the last infrastructure programme. And 0% for railways.
This will be the 4th - failed - attempt of the PT backed thieves to (fool the people into believing that they want to) fix Brazil's infrastructure.....the first, back in Lulu's 2nd term (PAC 1), consumed USD 250 billion, and there is piss-all to show for it. The PAC 2, launched by Lullu at end of 2009, at the cost of another USD 125 billion - to get fat 'D' elected - did nothing except enrich the PT coffers, the 3rd in 2012, trying to encourage private investment, was another dismal failure.....and now, once again, the government tries to convince the private sector to invest USD 64 billion of “their” money in infrastructure projects - because the PT and their corrupt allies have stolen all the taxpayers' money - doesn't sound too encouraging.
Jun 10th, 2015 - 04:10 pm - Link - Report abuse 0And last of all, couldn't help noticing the brASSHOLE's ridiculous comments @ 4....No idea where he gets his information from, it's all f*cking wrong ; he has a fixation with BRICS, thinking it will solve Brazil's problems.....his comment “however this time the official currency of the program is Yuan”, is hilarious......maybe he means that after the Chinks shaft him and his whole family, they'll pay for the program in Yuan....sounds reasonable.
#7 Jack
Jun 10th, 2015 - 04:40 pm - Link - Report abuse 0It's clearly another scheme to steal the Brazilian state blind. As the Yuan cannot be easily converted, the Brazilians are forced to use the “loan” from China to pay for products, services, labor and material from China. The Brazilian people inherit a heavy burden as the interest rate borders on usury. Inferior Chinese rail stock, Chinese equipment, Chinese engineers and corrupt Worker's Party politicians siphoning off hundreds of millions under the table.
They tried contracting a Chinese company to rebuild the San Francisco Bay Bridge a few years ago. It was and still is a scandal. They used faulty Chinese engineering, inferior Chinese steel and all the workers were brought in from China.
The idiotic comment:
“...the participation of several consortiums formed between Brazilian, Chinese, Russian, Indian, Argentinean and South African enterprises...”
Sort of a selection of the worst countries on the corruption index...
Brazil launches ambitious $64bn infrastructure
Jun 10th, 2015 - 07:05 pm - Link - Report abuse 0congratulations,
perhaps you could share it with your neighbour
and you can both live in paradise.....lol
@8 Chicureo
Jun 10th, 2015 - 07:15 pm - Link - Report abuse 0At the end of the day, anyone with even half a brain, knows that where the government is involved, there's corruption and shoddy work. What the brASSHOLE seems to unable to understand, is that by supporting the PT and all their schemes, he and his idiot friends, as well as the country he professes to love, are just getting screwed. And it's only thanks to those kind of fools, that the PT are successful in stealing and getting away with it....
Completely agree!
Jun 10th, 2015 - 07:35 pm - Link - Report abuse 0Lula 2018 !
Jun 10th, 2015 - 07:46 pm - Link - Report abuse 0http://www.brasil247.com/pt/247/poder/184428/Lula-recebe-presidente-da-C%C3%A2mara-da-Venezuela.htm
Corrupt right-wing parties like the PSDB are a cancer that must be uprooted!
#12 Brasshole
Jun 10th, 2015 - 08:41 pm - Link - Report abuse 0Please explain to everyone why Brazil's Supreme Court is currently investigating Lula' Workers’ Party that received some $200 million in kickbacks from Petrobras contracts? According to your nation's top investigator, it's the tip of an iceberg...
@12. And how much is Lulu planning to steal this time? If he gets in. Unless brazzies are as dumb as argies!
Jun 10th, 2015 - 08:45 pm - Link - Report abuse 0I will explain to you how Lula will be elected in 2018: many, many, many votes.
Jun 10th, 2015 - 08:54 pm - Link - Report abuse 0And he will continue the social revolution of my Brazil. And fuck the interests of the Five Eyes, because in the world there will only be two clear positions: those of the BRICS allies, or enemies.
https://www.youtube.com/watch?v=NCaH-qqTWpk&list=FLmXPTu1f8AdGlizWNiASx2A&index=18
#15
Jun 10th, 2015 - 09:47 pm - Link - Report abuse 0I think Aécio Neves would be a much better choice.
Since you seem to be fairly informed of the merits of continuing Brazil’s ruling Workers Party remaing in power, perhaps you could clear up a few allegations regarding that Lula is under investigation for influence-peddling.
Federal prosecutors claim he illegally helped construction conglomerate Ode recut win overseas contracts with financing from Brazil’s state-run national development bank BNDES. The prosecutors also claim the Workers Party politicians and members of its coalition allies are guilty of looting billions from Petrobras, which last week reported a €15 billion charge due to losses from corruption and mismanagement. In fact, Petrobras executives as well as leading members of Brazil’s business community have been arrested.
Prosecutors now are also convinced Lula used his influence to get BNDES loans for contracts Odebrecht won in Latin America and Africa after he lobbied local leaders, often after visiting them on corporate jets supplied by Odebrecht. BNDES president Luciano Coutinho was appointed by Lula to run the powerful bank, which directs billions of euros in cheap financing to favored Brazilian companies. Companies that received tens of billions in BNDES loans were among the top contributors to Rousseff’s re-election campaign last year.
Maybe you can explain the mensalão scandal, and about the scheme’s operator, businessman Marcos Valério, who testified to prosecutors that he paid a businessman €2 million to prevent him from talking about Lula’s knowledge of the circumstances surrounding the death in 2000 of Celso Daniel. You might remember, a Workers Party mayor, Daniel was slated to be Lula’s campaign chief for his eventually successful 2002 presidential campaign, but was kidnapped and murdered because he had uncovered a corruption scheme that saw municipal contractors pay kickbacks to the Worker's Party.
There are actually more scandals to ask about, but I ran out of space...
Look, I want to make clear that there is no investigation of Lula and Dilma.
Jun 10th, 2015 - 10:10 pm - Link - Report abuse 0Stop believing the crap that idiot Jack Bosta talks.
Do not make the mistake to meet only one of the contending sides.
There has never been investigation about Lula and Dilma because there was never any evidence of wrongdoing. Who said anything different is a liar.
@16 Chicureo
Jun 10th, 2015 - 10:35 pm - Link - Report abuse 0You are putting lot of faith in the BRASSHOLE if you think he is minimally capable of replying to your questions.....he is not interested in reasoning , or in logic....or the truth ; he is too dumb and brainwashed to understand what educated people take for granted, so he wallows in shit and grunts like the pigs that he, and his hero Lullu, are. The proof is that, when confronted with the truth, he prefers to stick his head in the sand and ignore it......it's clear he likes getting shafted without seeing who's doing him....that way he can plead plausible doubt. He is well aware of all the scandals - mensalão, petrolão, Fifão, PAC1, PAC2, BNDESão (investigation still not ready to hit the news headlines, but it will) - but as he and his despicable family are probably recipients of the Bolsa Família, he has been lead to believe that Lullu can do no wrong. His father should have had his nut sack put in a penny-winkie so that this parasite would never have been born...
Jack
Jun 10th, 2015 - 11:15 pm - Link - Report abuse 0I agree, but since the little Lula worshiping troll wants his cherished PT exposed, I have tons of evidence for the other readers to enjoy.
Brasshole, I have much more to post. Every time you respond, I'll post 2,000 characters more of facts.
“There has never been investigation about Lula and Dilma because there was never any evidence of wrongdoing.” LMAO!
Fact: During the regime of the Worker's Party controlling Brazil, corruption has been at an unprecedented historical level.
Fact: In 2013 before the corruption Petrobras scandal was exposed, it was estimated the cost if corruption in Brazil was $53 Billion a year.
Fact: José Dirceu, the former chief of staff for Ex-President Lula da Silva, was convicted to 10 years in prison for corruption and forming a criminal gang.
Fact: Many businessmen that paid bribes to the PT and several PT politicians are awaiting prosecution.
Fact: Many Worker's Party members have already been convicted and imprisoned as the of principal figures in the Mensalão scandal, in which public funds were used to buy political support for the then Lula da Silva government.
Fact: Brazil’s Public Ministry, the country’s Federal Police and the Brazilian Court of Audit, proved the huge cash-for-votes case involving R$ 100 million ($43 million) siphoned from taxpayers’ money.
Fact: Brazil’s Attorney General Roberto Gurgel called it “the most daring and outrageous corruption scheme and embezzlement of public funds ever seen in Brazil.”
Fact: A 2010 study by the FIESP (the Federation of Industries of Sao Paulo State) the average annual cost of corruption in Brazil is between 1.38% to 2.3% of the country’s total GDP. Just in 2013 something between $32 billion and $53.1 billion can be accounted as “corruption money,” which, (as described by Forbes) “is important to remember, gets out of circulation that hits growth.”
Much more to come...
hahaha
Jun 10th, 2015 - 11:38 pm - Link - Report abuse 0That is why your country suffers from decay “esquisofrênica”. You are more out that banana peel.
Want to know who was Roberto Gurgel?
http://www.brasil247.com/pt/247/brasilia247/111684/Acaba-a-era-Gurgel-o-mais-pol%C3%AAmico-procurador-geral.htm
But there was someone worse than him ...
http://www.brasil247.com/pt/247/brasilia247/111684/Acaba-a-era-Gurgel-o-mais-pol%C3%AAmico-procurador-geral.htm
You give evidence that is more one of many British idiots. hahaha Chilíndio!
Aécio Neves is the next president of Brazil
Jun 11th, 2015 - 12:50 am - Link - Report abuse 0Jack is right. Brasshole is incapable of realizing the the outrageous theft of state funds by the Worker's Party that harms the poor and keeps Brazil of achieving a developed country status.
(Continuing the corruption scandal during 2013 alone)
Fact: (Forbes) “To put into perspective, if that money was invested in Brazil’s education system, the number of Brazilian students enrolled in elementary school could be improved from its current 34.5 million to 51 million.”
Fact: Should that money be invested in the public health system, “the number of beds available in Brazil’s public hospitals could almost double, from 367.397 to 694.409. That same money could house more than 2.9 million Brazilian families, and if invested in sanitation it could reach an additional 23.3 million households that aren’t on the public sewer system... As for Brazil’s infrastructure system, Brazil could build 277 new airports in the country.”
Fact: “When confronted with the 'mensalao' scandal, Lula tried to defend it as an ”old political practice going back for centuries.“ He said ”Great world politicians had to appeal to similar mechanisms, Sometimes it is the infamous price to pay for the great works”. Later he tried to deny making the comment.
Fact: Lula da Silva was fully aware of the corruption scandal which almost derailed his administration and the political structure of his ruling Workers Party and even his government teams.
Fact: Lula da Silva is far more corrupt than was Collar de Mello and other ex Brazilian presidents ever dreamed of according to the IMF corruption index.
Fact: There are several other investigations that are still in progress.
(Next installment reveals the under aged girls used as party favors at PT political entertaining in Brazil)
https://larouchepac.com/brics
Jun 11th, 2015 - 07:02 pm - Link - Report abuse 0https://larouchepac.com/brics
now I laugh ... hahahahaha
meus ultimos dias nesse site, entao adeus... hahahahaha tenho mais o que fazer...hue!!!!!
@19 Chicureo,
Jun 11th, 2015 - 08:40 pm - Link - Report abuse 0the answer the moron gave @ 20 is proof of what I've said; he firmly believes in “the best method of defence is attack”, even though his attack is pure, unadulterated sh*t.... he's not interested in facts, they are too damaging to the image of his hero.....and just btw, Lula HAS been named in the Petrolão corruption scheme....the noose is tightening.
@22 Julianoasshole, or, Brasshole's brother.
I thought you said you were going to travel, maybe return to the PQP ! but before you do, why don't you reply to my post @ 26 under headline “Blatter resigns...”....I even wrote it in portuguese to make sure your small brain would understand.....seems I was wrong ; you and your best friend, the original brasshole, both suffer from the same deficiency - you both write shit and then run away because you are unable to defend your opinions....or, you come back with these stupid “hahahaha” answers, worthy of only true morons .....and, before I forget, piss-off, the sooner the better, no-one will miss you.
Jack
Jun 12th, 2015 - 04:29 am - Link - Report abuse 0I was going to expose more of the PT party, but this has become boring.
Brasshole is actually an Argentine, as no Brazilian can be that ignorant.
jack bitch ... your opinion is worth how much? NOTHING! go seek a girlfriend. and exit redtube ... hairy hand !!!!!! hahahahaha ... you talk like it's someone ... go find something to do ... huehueheuheuehueheuehue ... br? br? br .... fuis...
Jun 12th, 2015 - 03:48 pm - Link - Report abuse 0@24 Chicureo
Jun 12th, 2015 - 06:06 pm - Link - Report abuse 0I agree, trying to reason with idiots is no easy task .....first, you've got to lower yourself to their level...but no matter, despite the stupid, unfundamented opinions of the brasshole and his boyfriend Julianoasshole, they won't change reality.
See ? what did I tell you ? take a look at Julianoasshole's # 25....absolute sh*t....completely incapable of making sense out of two words....
But allow me to disagree with you on one count :: as much as I think the Argie trolls are mostly blind, radical, politically correct idiots, none of them have risen to such high levels of ignorance as these brazzos, Mr. & Mrs. Asshole.
jack gay
Jun 13th, 2015 - 03:09 am - Link - Report abuse 0you is an economist? not! you is political? not! then shut up ... you are stupid ...
while you spew arrogance. the financial hole in your country is priceless ...
Your country is only perfect in the movies ... everyone knows it ... hahahaha ...
asshole goodbye ... I prefer to use my free time with something of value...
Ooooh gay is an insult!
Jun 13th, 2015 - 04:33 am - Link - Report abuse 0@ 28 Skip
Jun 13th, 2015 - 12:31 pm - Link - Report abuse 0Comments like Juliana uses just underline how backward and stupid the country must be.
There stupidest thing comment on the economy of other countries away from their continent? you guys are examples of economy? I know the last financial crisis began in the “developed countries” ... suckers ...
Jun 13th, 2015 - 03:21 pm - Link - Report abuse 0would be the need to feel superior in any way? the superiority of illusion was already undone long ago ... talk nonsense the will ... hahahaha ....
travel to united states and europe. nothing is what it seems. then, stop being arrogant ... because you guys are on the shit ... hahahahahahahahahahaha ...
@27 Julianoasshole,
Jun 13th, 2015 - 05:14 pm - Link - Report abuse 0Since you've “aks'd me de question”, yes, one of my university degrees IS in Economics....what did you graduate in ? sucking Lullu's dick ? and 'giving' your backside ?
I agree, the financial hole in my country - Brazil - is priceless......you can't put a price on the PT's incompetence and corruption. Or Julianoasshole's ignorance.
I found two Brazilian in disguise as Americans ... hahahaha ... brainwashing is intense?
Jun 13th, 2015 - 11:30 pm - Link - Report abuse 0not like Brazil? ... It's easy troubleshoot ... go away ... not
we need equal idiots to you here ...
the next time we will discuss in Portuguese ... I want to put in place ... asshole ...
@32
Jun 14th, 2015 - 07:46 pm - Link - Report abuse 0Quando quiser, ignorantão...
voce deve ser um daqueles fudidos que nao tem aonde morrer, mas pela soberba acha que é alguma coisa... fica assistindo filmes, seriados e comendo macdonalds sonhando em viver nos estados unidos. achando que la é tudo perfeito... velho... se coloque no seu lugar... nao gosta do brasil? VA EMBORA! ou nao vai pq nao tem dinheiro? fica com essa raivinha reprimida e para alivia-la vem criticar o brasil. OH DÓ!... vai cresce... procure algo de util pra fazer...otario...uhuehueheuheu...
Jun 15th, 2015 - 10:13 pm - Link - Report abuse 0Commenting for this story is now closed.
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