1. Home
  2. / Economy
  3. / Lula government announces R$3,6 BILLION to complete the largest infrastructure project in the Northeast
reading time 3 min read Comments 1 comments

Lula government announces R$3,6 BILLION to complete the largest infrastructure project in the Northeast

Written by Alisson Ficher
Published 30/11/2024 às 17:14
New railway project could create 68 jobs and transform tourism in Rio. Learn about the details and challenges of Railway 118. (Image: illustration/ IA)
New railway project could create 68 jobs and transform tourism in Rio. Learn about the details and challenges of Railway 118. (Image: illustration/ IA)

Lula government unlocks Transnordestina with R$3,6 billion, bringing hope to the Northeast. The largest infrastructure project in the region promises to revolutionize cargo transportation, generate jobs and reduce inequalities.

Few projects in Brazilian history have managed to accumulate as many ups and downs as Transnordestina.

Announced as the largest infrastructure work from the Northeast, it holds the promise of transforming the regional economy and boosting the export of grains, fertilizers, minerals and other essential products for Brazil to compete in the global market.

But what seemed destined to be forgotten gained a new chapter, full of expectations and optimism.

Last Thursday, November 28, President Luiz Inácio Lula da Silva announced a contribution of R$3,6 billion to complete Transnordestina, a milestone in the national railway sector.

The announcement was made during the signing of an addendum that aims to unblock work on the railway, considered a strategic axis for regional and national development.

“I am behind this railway like I have never been behind such an important project in Brazil,” declared the president.

His speech highlighted the priority that the government has given to the railway sector, a sector that has historically been neglected in the country, but which is crucial for increasing competitiveness and facilitating the flow of production.

Billion-dollar investment and defined schedule

Os $ 3,6 billion will be transferred by Banco do Nordeste (BnB) to Transnordestina Logística (TLSA) through the Northeast Development Fund (FDNE).

According to the schedule, the resources will be disbursed in installments: up to R$1 billion per year between 2024 and 2026 and R$600 million in 2027.

According to Paulo Câmara, president of BnB, the work now follows a structured plan to overcome bottlenecks and meet established deadlines.

“President Lula had to return so that this project could be resumed in the correct way. We will prioritize financing and ensure that Transnordestina becomes a development axis for the Northeast,” said Câmara.

New PAC and logistics integration

As part of the New Growth Acceleration Program (New PAC), Transnordestina connects three states in the Northeast: Piauí, Ceara and Pernambuco.

The railway was designed to be a robust logistics corridor, benefiting the transportation of highly economically relevant cargo, such as grains, cement and fuels.

Furthermore, it is a solution for the growing demand in the region. Matopiba, an acronym that brings together Maranhão, Tocantins, Piauí and Bahia, where agricultural production is expected to grow 40% in the coming years.

George Santoro, Minister of Transport substitute, highlighted that the completion of Transnordestina represents much more than a railway project: it is a tool for social inclusion and job creation in less developed areas of the country.

“This work will allow Brazil to meet the growth of agricultural production in strategic regions, reducing logistical costs and increasing competitiveness,” he explained.

Regional impacts and strategic benefits

The completion of Transnordestina promises a wide range of benefits. Among them are:

  • Ease of distribution of agricultural production from the Brazilian semi-arid region;
  • Development of the Port of Pecém, in Ceará, a strategic point for exports;
  • Reducing regional inequalities and increased tax collection;
  • Strengthening local economies, especially in hubs such as Petrolina and Juazeiro;
  • Generation of direct and indirect jobs, providing training and retention of the population in the countryside.

Waldez Góes, Minister of Integration and Regional Development, highlighted that the project goes far beyond the Northeast. “Transnordestina helps develop Brazil.

This is a project that combats inequalities, integrates regions and distributes income, ensuring social inclusion.”

a look to the future

With the resumption of Transnordestina, the Lula government seeks to reposition Brazil on the global logistics and export scene.

The project is more than just a railway; it is a symbol of the ambition to reduce regional inequalities and build a modern and efficient transport infrastructure.

Now, the question remains: will Brazil finally be able to transform this dream into reality and lead the Northeast to the economic prominence it so deserves?

  • Reaction
  • Reaction
  • Reaction
4 people reacted to this.
React to article
Register
Notify
guest
1 Comment
Older
Last Most voted
Feedbacks
View all comments
josimar
josimar
30/11/2024 20:31

Why doesn't he unlock the transposition of the São Francisco River?

Alisson Ficher

Journalist graduated in 2017 and working in the field since 2015, with six years of experience in print magazines and over 12 thousand online publications. Specialist in politics, jobs, economics, courses, among other topics. If you have any questions, want to report an error or suggest a topic on the topics covered on the site, please contact us by email: alisson.hficher@outlook.com. We do not accept resumes!

Share across apps
0
We would love your opinion on this subject, comment!x