Financial industry specialist Felipe Montoro Jens recently reported on the type of jobs and projects that have been stalled due to Brazil’s low investment in the infrastructure sector, concluding that 2,796 works are currently paralyzed in the country, 517 of which are those that are related to infrastructure, such as jobs in sanitation, which he feels are the most affected. The problem also extends to the interruption of 447 enterprises during their implementation phase, according to him. Included in the report are 30 highways, 16 airports, 5 railways, 5 waterways, 6 ports and 8 urban mobility jobs. Visit their website felipemontorojens.com to learn more.
Felipe Montoro Jens stated that Brazil has only invested 2% of its Gross Domestic Product in infrastructure, and he feels that this is most likely the reason why there is a failure in the way projects are executed. In the study, he cited that technical problems, abandonment of works by companies, financial difficulties and land ownership issues and expropriations are some of the main reasons why there was an interruption in the system. And although they are considered to be cheaper and not as complex, the slow down of day care centers, pre-schools and sports facilities within educational units were also a part of the study by the National Confederation of Industry, or CNI.
In order to avoid paralysis and delays in the future, CNI recommended that Brazil improve microplanning, evaluate the most appropriate execution modality, carry out efficient macroplanning, obtain better equipped teams, come up with more balanced contracts and strengthen internal control. Felipe Montoro Jens, who has years of experience as a financial strategist, is a graduate of Getullo Vargas Foundation, where he received a degree in Business. He also attended the Thunderbird School of Global Management, which is a part of Arizona State University. CNI is headquartered in Brasilia, and has another office in Sao Paulo.
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