Inflation of inputs and global uncertainties have affected highway auctions this year, but the calendar of projects remains active. In April, three important state projects are planned: a block of roads in Rio Grande do Sul, the Belo Horizonte beltway (skirting the capital city of Minas Gerais) and the São Paulo beltway. The contracts add […]
The yield curve has fallen over the last three weeks as the Central Bank’s Monetary Policy Committee (Copom) signaled that it is likely to end the tightening cycle in May after raising the Selic, Brazil’s benchmark interest rate, to 12.75%. Market agents not only removed bets on a longer cycle as a result. They also […]
The Bolsonaro administration has celebrated a wave of multi-billion investments in railroads since the creation of a new legal framework for the sector, but part of the projects are led by companies with share capital apparently incompatible with the size of the announced projects. A research carried out by Valor suggests that at least five […]