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In Brazil, major projects open to private investment and operation include federal highway concessions, railways, international and regional airports, public port concessions and operation of private terminals. Despite the complex macroeconomic and institutional scenario, the authorities have shown no signs of changing investment criteria or of postponing projects in the concessions program, least of all the larger ones. It is key, however, to assess the possible impact on investments in transport infrastructure of cuts in public budgets to cope with the economic downturn and the effects of the political crisis that overshadows the government of President Dilma Rousseff.
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