A recent report by the National Confederation of Industry, Brazil, over 2700 infrastructural projects around the country have stalled. Additional information from the ministry of planning further states that, of these, more than 500 were government sponsored at an estimated cost of R$10.7 Billion. Learn more about Felipe Montoro Jens at terra.com
Felipe further breaks down this data arguing the stall affects basic sanitation most given that it had 447 ongoing projects. The rest fall within the transportation sector with the construction of new highways, airports, ports, waterways, and urban mobility works being most affected. According to Felipe Montoro Jens, this disruption consumes a lot of resources without meaningful benefits to show for it, as money is used to begin a project only for it to be left halfway.
Reasons for the discontinuation of the projects
on-finance related factors, a considerable percentage of these projects were put on hold due to the inability of funds. Felipe argues that the Brazilian government has for the past few been battling an economic recession and one of their precautionary measures to stop the country from sinking further into the crisis was reducing government spending. Cutting down on development funds has therefore seen most projects come to a premature halt. However, Felipe Montoro Jens, an economic specialist is also of the opinion that poor planning has also contributed to this economic lag.
Felipe lays down possible solutions that different government agencies should consider implementing if they are to overcome this infrastructural disaster. He suggests that the relevant agencies conduct an assessment of the most appropriate implementation modality, come up with quality micro-planning, and strengthen their internal controls.
Who is Felipe Montoro Jens?
Felipe Montoro Jens is a distinguished finance and financial strategy expert with a keen interest in infrastructure. He is also skilled in economic waste was the subjects and has dedicated a significant of most of his time identifying loopholes encouraging economic waste in government and corporations and finding them lasting solutions.
He is also the Chief executive officer of Energipar Captacao and is also affiliated with several boards of different national corporations. Over the last two decades, he has accumulated a lot of experience working with different local and international finance companies such as Enron and Pricewaterhouse Coopers.