Brazilian President Michel Temer on Tuesday unveiled his administration’s long-awaited program of concession auctions and privatizations. The program covers the years 2017 and 2018. Tenders for the first round of concessions will be issued before the end of this year. They will include four airports and two port terminals. All six concessions will be auctioned in the first quarter of 2017. Other concessions to be offered in 2017 and 2018 will include five highways, one rail line, a round of bidding on small oil blocks and a later round for large, mainly offshore, oil development blocks. On the privatization side, the government will sell selected assets currently controlled by its Minerals Research Department plus six electric power distributors and three water treatment facilities. Government-run banks will offer financing for both concession auctions and privatizations. In announcing the program, Temer said, “It is clear the public sector cannot move forward alone on these projects. We are counting on the private sector.” He said foreign investors were welcome to participate, noting that all tenders will be published in both Portuguese and English.
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