According to a new study conducted by the Brazilian Confederation for National Transport (CNT), Brazil must spend almost US$447.3BN to eliminate its many transport bottlenecks – more than double most of the previous estimates, reported JOC.
Brazil has spent decades paying little attention to its transport infrastructure following poor management by successive governments, according to the study.
As a result, the lack of investment and the presence of poor management has caused the deterioration in infrastructure.
CNT said it would be necessary to spend US$61 billion on upgrading Brazil’s declining port infrastructure.
The researchers further added that the remainder of the proposed required spending figure would need to be spent on the rail sector, roads and inland water navigation.
CNT executive director Bruno Batista said: “The country cannot develop economically with such poor infrastructure, both for the transportation of cargo and for passengers. It is necessary to invest in a better transport matrix, with greater use of rail and waterway modes. Roads and airports also need to offer more quality to users.”
Of 148 countries, Brazil comes 131st regarding the quality of its ports…
By 2025, the Brazilian government wants to see 33% of goods transported by roadway, 32% towed via rail and 29% shipped via coastal and inland waterways.