Brazilian authorities are planning to launch a new infrastructure PPP program called Crescer [grow], within the next few days.

Developed by the executive secretary of the country's investment partnership program, Moreira Franco, Crescer will be focused on concessions, privatization and public-private partnerships (PPP), as well as generating local jobs, Brazilian news service Gazeta Online reported.

Unlike growth acceleration plan, PAC, run by the previous administration, Crescer will provide federal support for water and sanitation projects, as well as for energy and logistics developments.

Waterworks are usually funded by local governments, but the administration of interim President Michel Temer is open to municipal and state governments who want to partner with the federal government, the report said.

Projects will be evaluated by Franco and Temer, as well as a PPP council formed by the ministers of transport (Mauricio Quintella), environment (José Sarney Filho), planning (Romero Jucá ) and finance (Henrique Meirelles), along with government chief of staff Eliseu Padilha and representatives from national development bank BNDES.


Source: BNamericas

Photo: Interim President Michel Termer (centered), with central bank present Ilan Goldfajn (left) and finance minister Henrique Meirelles (right) (CREDIT: AFP)