Brazil has the 7th largest economy in world, and the largest in Latin America. Brazil’s economic situation has been in somewhat of slump in recent years and is starting to show signs of a turnaround. Felipe Montoro Jens, is a specialist in infrastructure and understands how effective implementation of projects focused on infrastructure can help the economic situation.
In December 2004, the Brazilian federal government passed the public private partnership law. The law details the rules, regulations and guidelines on how to lawfully implement effective public private partnerships. Felipe Montoro Jens, reported there has been a surge in public private partnerships over the last 10 years, in large part due to the December 2004 law. It’s important to point out, said MR. Felipe Montoro Jens, there is still a need for many more effective public private partnerships to help the economy continue moving in a positive direction. Visit consultasocio.com to learn more
The Government of Brazil created the Program of Partnerships and Investment (PPI) to create relationships between the public and private sectors to build more public private partnerships. The Program of Partnerships and Investment is currently managing a R $ 44 billion investment funding used to implement public private partnerships to upgrade many infrastructure oriented projects in the country, this according to Felipe Montoro Jens. The R $ 44 billion will include highway construction projects, airport facility management, and private takeover of a few government businesses.
Felipe Montoro Jens points to Belo Horizonte’s public lighting public private partnership as an example of highly successful PPP. The capitol of Minas Gerais, Belo Horizonte’s public lighting PPP is scheduled through the year 2020, and projects the upgrade of 182,000 lights from luminary lights to LED lights. Felipe Montoro Jens reported the Belo Horizonte lighting project is the largest implementation of public private partnership in history of the country. Felipe Montoro Jens reported the success of the Belo Horizonte project has inspired many Brazilian cities, including Sao Paulo to follow their lead.