POTENTIAL OF ECONOMIC CORRIDORS FOR INVESTMENT IN ROAD INFRASTRUCTURE: A STUDY ON THE BRAZILIAN NATIONAL INTEGRATION AND DEVELOPMENT AXES PROGRAM (ENID) AND THE SOUTH AMERICAN REGIONAL INFRASTRUCTURE INTEGRATION INITIATIVE (IIRSA)
DOI:
https://doi.org/10.54399/rbgdr.v18i3.6632Keywords:
Financing, Infrastructure, Road system, Economic corridors.Abstract
This article investigates experiences of economic corridors as a strategy for regional development and financing of transport infrastructure. Based on the limitations of traditional public and private channels, it is advocated that projects regarding infrastructure, the production of goods and services, and public services should be grouped in economic corridors, aiming at the production of fiscal economic multiplier effects in sufficient volume to cover the public expenditures involved. For this purpose, experiences of economic corridors in emerging countries are analyzed, in particular the National Integration and Development Axes Program (ENID) in Brazil and the South American Regional Infrastructure Integration Initiative (IIRSA). The design of economic corridors, their governance, financing, and limitations are analyzed to observe their adequacy as a financing strategy. In the case of ENID and IIRSA, the causes of their interruption were analyzed. It is concluded that the concept is potentially appropriate as a strategy of growth and financing, indicating the limits to be overcome for a readjustment of its conception.
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