Brazil’s Sao Paulo state is seeing some road projects being delayed due to a shortage of funds. Late payments amounting to US$13 million are holding up planned road works in the state. The union, Sinicesp, has voiced its concern that contractors will face a squeeze on operations and that jobs may be affected. The state authorities however say that the payments will be made and that work should continue.
Brazil road payment delays affecting projects
Brazil’s Sao Paulo state is seeing some road projects being delayed due to a shortage of funds.
Finance & Funding / May 15, 2019