The Government of Brazil has announced the release of the Investment Partnerships Program (PPI), called Project Grow, which involves 34 infrastructure projects to be carried out under PPP scheme. 

The program aims to improve public services, leverage investment and boost job creation. The idea is to give legal certainty and predictability to investors, implementing a clear regulation in the concession.

It was presented after months of discussions between the government , regulators and market representatives agreements.

According to sources, each project must receive at least 20% of equity from investors. The rest can be financed via loans and issuance of bonds. Caixa and BNDES will provide around BRL30 billion (US$9 billion) in equity to finance the projects.

The list of the initiatives envisages concessions of airports in Porto Alegre, Salvador, Florianópolis, Fortaleza. They also plan the concession of a fuel terminal in Santarém (in Pará state) and a grain terminal in Rio de Janeiro by this year.

As for next year, it is scheduled the tender of five road sections in the states of Goiás, Minas Gerais and Rio Grande do Sul. Additionally, the government is planning, as well, the concession of the North-South railway, which will pass through the states of São Paulo, Minas Gerais, Goiás and Tocantins; the Ferrogrão, connecting Mato Grosso and Pará; and East-West Integration Railroad in Bahia state.

Regarding the energy sector, the federal government plans the sale of assets of the Mineral Resources Company Research, and the privatization of electricity companies of the states of Amazonas, Boa Vista, Acre, Alagoas, Piauí, and the power station of Rondônia.