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Not Even Half of President Temer's Concession Projects Have Been Put into Action

05/07/2018 - 12h06

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NICOLA PAMPLONA
FROM RIO DE JANEIRO

A little more than seven months before the end of the Temer administration, the program of infrastructure concessions launched by President Temer is facing obstacles and could push some projects to the next administration. Less than half of the projects approved have been auctioned.

Questions by control agencies and even investors interested in participating have brought down the market's expectations regarding the government's capacity to carry out these projects. The government, however, says that it is working to make them all available before the end of 2018.

Pedro Ladeira/Folhapress
Railroad in Anápolis, Goiania
Railroad in Anápolis, Goiania

The PPI (Programa de Parcerias e Investimentos - Program of Partnerships and Investments) was launched in September 2016, intended to contribute in the recovery of the country's economic activity. In five meetings, 175 projects were approved – of these 74 (42.2% of the total) have been concluded.

Of this total, 56 are in the areas of energy and petroleum. There have been no concessions in the sectors of highways or railroads, which have a major potential to create jobs in the short term, or privatizations, which also face political resistance. In the airport segment, only the four biggest of the total 17 have got off the ground.

In addition to energy and petroleum, the only sector that has not faced obstacles yet was the port segment, with biddings of 14 terminals carried out and 21 more projects on the list.

Translated by THOMAS MUELLO

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