Hosting the World Cup in 2014 and the Olympics in 2016, Brazil worked on important projects. While some projects continue, others have been placed on hold due to significant government cuts in spending. Below are just a few examples of such significant projects:
Porto Alegre is just one airport expansion and modification project of many. Upon completion, the airport will increase its capacity to 19 million passengers each year. It includes a new lighting system, a new cargo terminal, an extra taxiway, and a service road. Finally, the cost of the project is estimated at roughly $170 million.
High-Speed Train (TAV)
Moreover, rail expansion is a top priority of the infrastructure projects in Brazil. To reduce the strain of the highways, the high-speed train (TAV) project will connect Rio, Sao Paulo and Campinas. It will cost USD $17.8 billion and the project will now not be complete until the 2020s. The government continues to seek private financing to repair existing infrastructure in all forms.
The Brazilian government has dedicated USD $27.3 billion to port expansion throughout the country. Indeed, Brazilian ports are often synonymous with congestion, bottlenecks, and inefficient shipments. The administration understands the importance of creating greater efficiencies. Thus, many ports will be receiving vital upgrades for the economy to reach long-term viability.
Fortaleza, Brazil’s fifth largest city, is receiving a USD $1 billion expansion project. The new line will connect the existing South and West lines and will support up to 400,000 people per day. Finally, this project is critical to relieving road traffic and reducing pollution.