The prolonged economic crisis in Brazil is gradually crippling the development of infrastructure in the nation. Founded in 1938, The National Confederation of Industry (CNI) holds the highest authority in the trade union systems of the industries. Felipe Montoro Jens, an Infrastructure Projects expert, stated that research conducted by National Confederation of Industry highlighted the major projects that are on hold and abandoned in Brazil due to economic constraints. The report informs that 2,796 projects throughout the nation have come to a halt with infrastructure projects accounting for 18.5% of all the projects which cost the government an astronomical figure of $10.7 billion. Learn more about Felipe Montoro Jens at terra.com
There are around 447 infrastructure projects on providing basic sanitation systems that have come to a dead stop. Out of the 517 projects, 6 are for building new ports, 30 for highways and 10 are linked with railways and waterways.
Even the comparatively cheaper projects like schools, recreational facilities, and other institutions have come to a halt mostly due to lack of technical expertise, abandonment, and financial issues. Major funds for big corporations were cut-off by the federal government to compensate for the losses due to the everlasting economic crisis. CNI has devised strategies to overcome the crisis by equipping teams with knowledge and training, balancing contracts, strengthening internal control and better microplanning.
Felipe Montoro Jens emphasized on the fact that the highest authority in the trade union system is entrusted with the responsibility of safeguarding the interests of the industries in the country and progress in sync with the Judiciary and the Legislative.
Different perspectives of experienced professionals have been noted and will be taken into consideration while introducing new reforms which will aim to reduce the economic burden on the country and resume the major projects on hold. Incorporation of innovation and technology is a major plan devised by the government and will soon start its implementation in the near future. Read more: https://ideamensch.com/felipe-montoro-jens/