Careful planning and federal government financing are key to accelerating infrastructure investment in Brazil, the president of national rail equipment manufacturers’ association Abifer, Vicente Abate, told BNamericas.
“First of all, to properly estimate project budgets and reduce future setbacks, the federal government needs to seriously put together a ‘bank’ of basic engineering plans. This can be done with the help of the private sector through the submission of expressions of interest,” Abate said.
“Let’s take railway concessions under the country’s national logistics investment program PIL as an example. While the federal government’s program stipulates works on 11,000km of railways, basic plans have not been fully prepared,” he added, saying this is slowing things down.