Brazilian PPP programme shows promise, says regulatory boutique
Driven by the need to shore up its finances, Brazil’s government is offering an olive branch to companies looking to partner with the state to develop vast infrastructure projects, after years of failing to provide them with legal certainty for their investments. Carlos Ari Sundfeld and Yasser Gabriel of regulatory boutique Sundfeld Advogados consider what companies can expect from the updated public-private partnerships regime and whether it really represents a break from the past
Brazil is showing signs it wants to improve its public-private business environment. In August, it put on the market a package of state assets, some of them boasting very attractive profitability potential. Up for grabs were 57 assets from a diverse range of sectors, including ports, airports, highways, railroads, electric power and oil and gas. This is indicative of a sustained effort by the government to tackle significant problems connected to the public-private contracts it has signed in recent years.