Funds earmarked by the Brazilian Government to improve roads, railways and hydro channels for shipping cargo transport have not been fully spent, according to the Institute of economic research (3283 Ipea).
Federal road spending was estimated to be US $ 6.72 billion (BRL 13.62bn) in 2012, but Ipea says that so far only 48.3% $ 3.23 billion (BRL 6.58bn) of that amount has been used. Railways investment in 2012 was estimated at $ 1.35 billion (BRL 2.75bn), but Ipea says only $ 363.98 million (BRL 740mn) had been used so far - 26.9% of the estimated spend.
Federal road spending was estimated to be US $ 6.72 billion (BRL 13.62bn) in 2012, but Ipea says that so far only 48.3% $ 3.23 billion (BRL 6.58bn) of that amount has been used. Railways investment in 2012 was estimated at $ 1.35 billion (BRL 2.75bn), but Ipea says only $ 363.98 million (BRL 740mn) had been used so far - 26.9% of the estimated spend.
