The government of Brazil understands the need to curb the spiraling unemployment rate in the country and give hope to the youthful masses yearning for jobs opportunities. The challenge, however, lies in expansion and modernization of the country’s old century infrastructure to be able to accommodate as well as attracts numerous investors into the South American industrial giant. Everybody expects that this trend needs to be broken to increase the Brazilian productivity that can sustain the countries large populations.
Tarcisio Gome de Freitas, the project coordinator, on the Investment Partnerships Program(PPI) understands the government is doing anything possible to facilitate these development agendas with 18 auctions occurring in the second half of the year 2017. He further believes that the investment in mega projects fosters health relationship between the Public-Private Partnership (PPP) and even brings and attracts new players on-board.
He adds that the new model of partnership by the government also rectifies previous error it committed to what he termed as over-intervention.He explained how the past mistakes by the former regimes led to an imbalance of property risk. He reaffirms the private sector that the Brazilian government no longer taking the anti-business with the new administration. The Brazilian government is open to discussions and welcomes even the private companies for provocations in instances where questions and challenges may arise. He singled out one advantage with building governance on projects fosters and enhances Investments Partnerships Program.
With Michel Temer taking over the office on 31st August 2016 and during his first year of his tenure at the presidency, his administration has overseen 41 auctions in infrastructure sector only. In estimates, the Brazilian government have captured/ or raised approximately R $ 23B in investment as noted by an expert in infrastructural projects, Felipe M. Jens. that is a great progress when compared to other states of the same economic level.