2017 has been a busy year but its second half seems to buzz with even more activities than the first one did. According to recent statements by Freitas who is the secretary of the investment partnerships program, there are about eighteen auctions to be held in the remaining half of 2017, and they are set to begin in 2017. He goes on to add that the government will work by the discussions which held in the Congress. Felipe Montoro who is a project expert also sheds light and further emphasises on the matter by saying that the PPI secretary said that no changes would be made to the schedule even with the ongoing political changes that the government is undergoing. Mr Freitas also went on to add to his statements by saying that the PPI is ready to face the critics from the private sector who thought that the primary projects would be shut down.
The current hurdles
Mr Freitas also says that for Brazil to increase its productivity, there will be many challenges along the way some of which involve the modernisation and expansion of its infrastructure. Doing so will help break the monotony of barriers which usually causes investors to shy away from Brazil and as a result causing an increase in unemployment. Tarcisio Gomes de Freitas also went on to add that there is no escaping these challenges because Brazil can’t remain a victim of fiscal budgets forever. As a solution, the PPI’s secretary suggested that creating good governance on significant projects will help a lot in the investment partnerships program. In an example of how doing that works Felipe Montoro highlighted the success of the auction which was held in April.
The number one goal is to correct the mistakes which took place in the past in public-private partnerships sector and prevent them from recurring again. Projects expert Felipe Montoro Jens reported that Mr. Freitas said the presence of international consortia in the auctions which were held in March had left a mark in the overall decisions made by foreign investors when an editorial director of the famous Exame magazine inquired about the matter. He also added that now the Brazilian republic is moving on at a new pace and the mistakes made in the past will no longer be there as they are now moving at a pro-business speed which is set by the new president Michael Temer. Micheal took over the presidency in August 2016, and during his first year in tenure, the PPI held 44 auctions in the infrastructure sector which attracted more than $23 billion from investments.