Brazilian Business Thrives With New Infrastructure Auctions

According to a recent statement from Felipe Montoro Jens, 18 government auctions are expected to be held in Brazil during the last quarter of 2017. Jens is an infrastructure projects expert and the auctions he is referring to are infrastructure-related. He also pointed out the fact that this particular program was designed for encouraging new players to participate in the concessions. And, also according to Jens, last April’s auction of transmission lines was actually the biggest one in history.

Tarcisio Gomes de Freitas Speaks Out

Another major player in this Brazilian scenario is Tarcisio Gomes de Freitas. He is the Investment Partnerships Program (PPI) project coordination secretary. According to him, increasing productivity in Brazil presents a major challenge and it involves the overwhelming need for expanding and modernizing Brazil’s infrastructure sector. He also stated that one of their main goals is to correct the many mistakes of the past involving Public-Private Partnerships (PPPs). He further explained that state over-intervention was the cause of a project risk imbalance and that they can’t be held hostage to their fiscal budget. One of the major advantages of the PPI is the ability to build governance on special projects.

Michel Temer Becomes President

On August 31, 2016, Michel Temer became the President of the Republic. Subsequently, there were 44 PPI infrastructure auctions held just during his first year in office. As a result, about R $ 23 billion in investments was captured, according to Jens. And, according to Gomes de Freitas and the PPI, potential investors are now seeing that the Brazilian government under Temer is no longer anti-business but has now definitely become pro-business. Their overall aim is selecting those projects that will be especially attractive to investors in the private sector. And, so far, it looks like they’re succeeding in doing just that.

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