Brazil’s government, on Tuesday night, announced another 55 concession projects destined for auction to private investors under the country’s Investment Partnership Program (PPI). The new list joins some 35 PPI projects announced last year. The new projects should generate some R$45 billion in investments, the government said. Projects include areas such as energy transmission lines, rails, highways, water and sewage projects and airports. Auctions of the 35 projects under the original program are due to begin within the next few weeks and extend through 2018. The government did not release a calendar for auctions under the new list of 55 projects. Brazil’s government is engaging in a broad program of concessions in order to boost investment in infrastructure at a time of limited government budgetary capability. The government is hoping to kick start economic growth after two straight years of recession in 2015 and 2016.
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