Back

Latinnews Daily - 14 August 2003

BRAZIL: Mantega hints at huge public works spending

Guido Mantega, the development minister, hinted yesterday that the bill for the government's public works projects between 2004 and 2007 could be well above the R$191bn (US$63.6bn) mooted earlier this week. The government is currently drawing up a list of priority projects. Mantega said a full list would be ready next week. 

The projects seem likely to draw on a mixture of public and private finance. Mantega hinted that the proposed new carriageway for the BR101 in the northeast could involve private finance because the road is likely to prove popular with tourists. 

The transport minister, Anderson Adauto, did not hide his disappointment with the figures being bandied about. He claimed that his officials were worried by the promises because they knew that no governments had improved, modernised or even looked after what had been built.

End of preview - This article contains approximately 139 words.

Subscribers: Log in now to read the full article

Not a Subscriber?

Choose from one of the following options

LatinNews
Intelligence Research Ltd.
167-169 Great Portland Street,
5th floor,
London, W1W 5PF - UK
Phone : +44 (0) 203 695 2790
Contact
You may contact us via our online contact form
Copyright © 2022 Intelligence Research Ltd. All rights reserved.