News By Tag
* Emerging Economy
* Latin America
* United States
* Infrastructure Project
* More Tags...
News By Location
Follow on Google News
Brazil: A practical perspective - Ports X Investments
Chamber of Commerce President, Jefferson Michaelis shares his current business experiences in the country of Brazil.
By: Cibele Santiago Newsroom Brazil
While Brazil's booming economy has led to an overall in country feelgood factor, investors are concerned about the state of the country's infrastructure, which can add significantly to the cost of getting goods to market.
Santos port for instance, considered the largest in Brazil, needs at least US$12.32 billion to cover a lack of investments, analysts say. The port of Santos has made some improvements in recent years - a number of terminals have been privatized and more streamlined operations have been put in place, but it has not been enough to cope with increased demand.
Eighty percent of all trading between Brazil and the international market in 2009-2010 used the port sector. But the sector needs more than R$20.46 billion (US$12.32 billion) to cover its deficits and improve ground access.
The National Bank of Economic and Social Development (BNDES) estimates the country needs investments surpassing R$1.5 trillion (US$934 billion) from 2011 to 2014.
"In my vision the Programa de Aceleração do Crescimento (PAC) - growth acceleration program- will not be enough"
According to the President of the Brazil-Tampa Bay Chamber of Commerce, Jefferson Michaelis, “The PAC still isn’t enough to fix or deal with the county’s port deficiencies,”
Public and Private alliances, and steady flow of investments are the key to preventing total collapse in some areas; and the answer to the modernization of key sectors in Brazil.
# # #
The Brazil-Tampa Bay Chamber of Commerce, BTCC, is a not-for-profit organization. BTCC has emerged as one of the most dynamic bilateral business catalysts in the nation in recent years.
Account Email Address Account Phone Number Disclaimer Report Abuse