PPP and Concession Project Finance in Brazil: Estruturação de Projetos de PPP e Concessão no Brasil
This paper is in Portuguese, but includes a translation of the executive summary in English.
In order to contribute to the improvement of public procedures related to the structuring of infrastructure projects in Brazil, the IFC - International Finance Corporation and BNDES (by means of AEP – Project Structuring Division) joined efforts in the conception and coordination of an interdisciplinary study , which is aimed at analyzing and proposing recommendations to improve current mechanisms to prepare Concessions and PPPs - Public-Private Partnerships. This study does not rely only on pointing out and describing current problems. It also encompasses proposals and guidelines to improve the regulation, practices, and tools presently adopted in Brazil. The recommendations were consolidated into two decree drafts arranged by the legal consultants. The first proposal touches on the improvement of the Brazilian Unsolicited Proposal Model (known as PMI). The second proposes a regulation to improve the public procurement of feasibility studies, in the case of complex infrastructure projects previously elected as priority by the State.
