Brazil announces a millionaire investment to complete 7,439 paralyzed works

The Brazilian president, Michel Temer, announced today that the Government will make an investment of 130.970 million reals (about 40.928 million dollars) to conclude 7.439 public works paralyzed, among which are health posts, schools, roads and even airport runways.

Brasilia, Nov 9 (EFE) .- Brazilian President Michel Temer announced today that the Government will make an investment of 130.970 billion reais (about 40,928 million dollars) to conclude 7,439 paralyzed public works, including health posts, schools, roads and even airport runways.

This is the so-called Avanzar Program, an initiative with which Temer intends to deliver until December 2018, when his term ends, thousands of works of his predecessors that were paralyzed due to lack of resources or bankruptcy of the companies that made them in about 3,000 municipalities.

The most benefited region will be the northeast of Brazil, which concentrates the poorest states of the country but has the second major electorate, where 3,186 works will be completed.

"With the Avanzar Program we are going to resume public investments, unfortunately, to clean up the country's accounts and carry out the reforms necessary to ensure fiscal balance, we had to withhold expenses in some works. Presidency, Wellington Moreira Franco.

For the minister, the resumption of works that had been paralyzed for years demonstrates the return of public investment in the country.

Moreira Franco added that the investments will strengthen Brazil's economic recovery after the country's severe recession in the last two years.

Economists expect the Brazilian economy to grow 0.7% in 2017 after having fallen by 3.5% in 2015 and by 3.6% in 2016, bringing the country into two consecutive years of retraction by the first time since the 1930s.

The sectors that will benefit from the resumption of investments are education, health, sanitation, transport, sports, culture, defense, communications, energy and room, according to the Presidency.

Investments will recover 52,000 kilometers of roads, maintain 970 kilometers of new stretches and double 511 kilometers of roads, as well as recover the tracks and expand structures in 36 airports.

Likewise they will allow to resume works in 11 seaports and 6 fluvial, build 898 kilometers of railways and maintain 5 stretches of waterways.

Investments are also aimed at the completion of 800,000 popular homes, schools, day care centers, corridors for buses and sanitation works that will benefit 1.7 million people.

"These are works that now have a budget and a date to start and a date to finish," said the minister Planning, Dyogo Oliveira, at the ceremony at the presidential palace of Planalto where the initiative was announced.