Federal government officials in Brazil will meet this month to discuss the first lot of projects under the country's new infrastructure concessions program known as Crescer, according to the executive secretary of the country's investment partnership program, Moreira Franco.

"A public-private partnership council headed by interim president Michel Temer will meet on the matter within the next 15 days," Franco tweeted on Thursday. 

"At least 13 projects are nearly ready, for airports, highways, railways and passenger port terminals," he wrote, adding that private investment is what will help Brazil's economy turn around.

According to the initial announcement of the program in May, Crescer also involves federal support for water and sanitation projects, as well as for energy and logistics developments.

 

Moreira Franco and interim president Michel Temer

(CREDIT: moreirafranco.com)

 

Besides Temer and Franco, the PPP council is made up of the ministers of transport (Mauricio Quintella), environment (José Sarney Filho), planning (Dyogo Oliveira) and finance (Henrique Meirelles), along with government chief of staff Eliseu Padilha and representatives from national development bank BNDES.

 

 Source: BNamericas

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