Felipe Montoro Jenss Report on The Economic Crisis In Brazil

The National Confederation of Industry was founded in the year 1938, is located in Brasília along with an office in São Paulo represents the highest body of the industry’s trade union system. Infrastructure Projects expert, Felipe Montoro Jens reported that according to a study done by National Confederation of Industry (CNI), there are currently 2,796 major projects in Brazil that have halted out of which 517 are involved in the infrastructure sector constituting 18.5% of the total projects and costs $ 10.7 billion to the government.

447 basic sanitation projects are affected the worst with 447 on hold after in the implementation phase. Out of 517 projects, there are 30 highways, 16 airports, 8 urban mobility works, 6 ports, 5 are related to railways and 5 to waterways.

Constructions of preschools and sports facilities and other educational units came to a halt even being cheaper projects compared to the others. The cause of project shutdowns was mainly due to financial issues, land ownership problems, technical expertise and abandonment of works by companies. Read this article at odiario.com about Felipe Montoro Jens

Technical issues were mainly poor quality of projects and below average planning. Project in the educational sector was affected due to companies backing out during an economic crisis.

The ongoing economic crisis in Brazil has forced the federal government to minimize expenditure thus cutting the funds for major infrastructure projects in the country. Several strategies have been proposed by CNI to avoid such major setbacks in Brazil. They are to improve macroplanning, estimating the most adequate execution modality, equip teams with proper tools, designing balanced contracts, and finally fortifying internal control.

CNI is responsible for defending the interests of the national industry and has direct in accordance with the Executive, Legislative, and Judiciary as pointed out by Felipe Montoro Jens, an expert in Infrastructure Projects.

Suggestions have been put forward to amending and strategizing new laws and policies to strengthen the industrial sector which will eventually lead to the modernization of the country. It also aims to focus on innovation and technological development in the industry.

Read more: https://www.baptista.com.br/felipe-montoro-jens-reporta-que-brasileiros-estao-entre-os-mais-insatisfeitos-do-mundo-com-a-infraestrutura-de-seu-pais/