Brazil launches ambitious program to auction off oil, power and infrastructure concessions

Tuesday, September 13th 2016 - 19:56 UTC

Full article 5 comments

Brazil on Tuesday launched a multibillion-dollar plan to auction off oil, power rights and infrastructure concessions, in an attempt by the new government to bolster private investment in a moribund economy. The government will sell operating licenses for airports in the cities of Porto Alegre, Salvador, Florianopolis and Fortaleza by the first quarter of 2017. It also plans to sell rights to operate federal roads in the center-west and south regions later next year. Read full article

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Hepatia
Trouble is that none of these policies would make it through an election. Temer has no mandate.
Sep 14th, 2016 - 12:37 am - Link - Report abuse 0
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golfcronie
Brazil will no longer be a country in 25 years.
Sep 14th, 2016 - 07:47 am - Link - Report abuse 0
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:o))
The oil, power & infrastructure concessions are already riddled with corruption and are making enormous losses.

If they are going to be auctioned off; the base-prices need to be rock-bottom. And unavoidably - needless to say - there is going to be corruption at the auctions!

The benefit to Brazil? Practically nothing - just like the Olympics!
Sep 14th, 2016 - 09:37 am - Link - Report abuse 0
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ChrisR
Any investor would need to be out of his mind to 'invest' in this basket case of a country.
Sep 14th, 2016 - 07:24 pm - Link - Report abuse 0
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Jack Bauer
@1 Hippy
Temer DOES have a mandate - the same one that the fat cow received , as President, and which SHE now lost for being dishonest and incompetent. Temer is as legitimate as you are an idiot.

@4 ChrisR
As to the multi billion USD plan to auction off rights, it may not work despite being a step in the right direction. The Federal Government should stick to public safety, health, cheap housing and education - and leave the rest to the private sector.
Sep 14th, 2016 - 09:42 pm - Link - Report abuse 0
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