Felipe Montoro Jens Announces New Concession Projects Coming To Brazil

Felipe Montoro Jens, an expert on infrastructure projects, recently announced that the Northeastern states of Brazil would be involved in transferring assets to a private initiative via concessions, or Public-Private Partnerships (PPPs). This will be a way around the budget cuts and allow new projects to come to the area.

In Bahhia, the Light Rail Vehicle Project (VLT) is a prime example of one of these projects. Totaling 19 miles in length which includes 21 different stops, it would be the ideal upgrade and replacement for the current train. It could also benefit over one and a half million people.

Piaui has 24 separate projects they are viewing, but one of the largest concessions was signed with a sanitation company and they will be increasing sewage coverage in Teresina. Currently there is only 24% coverage, but with this new plan the area will become 80% covered. This past August, Piaui launched the first PPP for the entire country of Brazil, with the help of a private partner they are increasing the internet quality. It will include installing 1,500 access points as well as the addition of fiber optics that will run from the coastline to the southern end.

In Maranhao, they are constructing four prisons which will open up 2,000 spots for holding. It should become operational in June of 2019.

Pernambuco, home to Pernambucana Sanitation Company, is looking to bring in more private capital participation inside the sanitation sector.

The overall hope is to create more models that can attract more investors in 15 different states. In addition to these plans, President Felipe Montoro Jens spoke of how excited the country was to see other models, and he noted that the country has resources from both Inter-American Bank and World Bank that could be ideal for new partnerships. As of now, the state governments in Bahia, Alagoas, Rio Grande do Norte, Pernambuco and Maranhao have entered into 23 separate PPP contracts that are valued at more than $28 billion.

Find out more about Felipe Montoro Jens: http://maringa.odiario.com/politica/2017/06/por-que-privatizar-segundo-estudo-da-cni-com-felipe-montoro-jens/2384962/

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