18 auctions were reported to be held by the end of the second half of 2017. Felipe Montero Jens reported these would occur in spite of congressional discussions. The goal is to work in tandem with those discussions. Either way, about 18 auctions for the infrastructure sector were planned.
There is a great challenge here for Brazil, since this sector needs a facelift. It’s no secret that many mistakes have been made in the handling of these industries, leaving projects unfulfilled, and workers out of luck. It’s been difficult to get projects going, and these auctions and new procedures will hopefully aide in that process. Investors have been driven away as of late, which only increases unemployment levels in the industry.
PPI officials are working on a hub to cultivate interesting and attractive private sector projects, which would peak the appetites of investors and contractors. PPP’s (public-private partnerships) have suffered unspeakable damage, which these new hubs are trying to circumvent and recuperate from.
Tarcísio Gomes de Freitas, the project secretary, has publicly commented on the issue, claiming the government has been operating in a sort of “anti-business” line in years past, which it now seeks to amend, operating in a new “pro-business” line with these investors in the private sector.
Since Temer has been president, nearly 44 PPP auctions have taken place. These infrastructure auctions are estimated to capture around 23 billion dollars for the Brazilian economy. This chunk of investment would be a good start in correcting the problem present with PPI in the past, especially in regards to infrastructure investments.