Felipe Montoro Jens, a reporter and infrastructure specialist has been reporting on the success stories of public private partnerships. Brazil, the 7th largest economy in the world and the largest in Latin America, has been hit with financial turmoil, and has resulted in what is referred to as the “economic crisis”. The Program of Partnerships and Investments is a government agency who seeks to build more public private partnership, by establishing relationships between the private and public sectors. Read more at Exame about Felipe Montoro Jens
The December 2004 Federal Law 11,079 / 04 established rules for implementing public private partnerships, the rules and regulations regarding biding on projects. Federal Law 11,079 / 04 was created with the idea of an effective solution to tackle the country’s deficit. Public private partnerships is an excellent way to cut the country’s deficit.
Since the passing of the Federal Law 11,079 / 04, there is more public private partnership in Brazil now than it was just a decade ago. There are still challenges to the idea of public private partnerships, according to the infrastructure specialist, Felipe Montoro Jens, payment obligations from the public sectors are huge issue, and is an obstical, that must be addressed.
The government is planning a 57 project 22 sector projects investment totaling R $ 44 billion. This stimulus of R $ 44 billion will cover major road work construction, airport management, and privatizing publically ran companies.
In the state of Minas Gerais, Belo Horizonte will make history as the first capital in history to implement the modernization of lighting in the public areas implemented entirely by way of a public private partnership. The Belo Horizonte public private partnership is scheduled to be implemented over 20 years, and by the year 2020 all public lighting will be upgraded to LED lighting. Felipe Montoro Jens noted Sao Paulo, Brazil most populous city is among another 138 cities looking to do the same as The Belo Horizonte. Learn more: http://www.infomoney.com.br/negocios/noticias-corporativas/noticia/7285175/aeroporto-salgado-filho-esta-sob-nova-administracao-companhia-alema-fraport