Brazil, Latin America’s largest economy has announced according to Felipe Monotoro Jens, plans to invest R $ 44 billion into the economy in 2018. This announcement is good news for Brazil, who recently made it through a recession. The Program of Partnerships and Investments (PPI), is set to be deployed in order to manage the implementation and distribution of the federal funding. The Program of Partnerships and Investments is Brazilian federal government entity. The PPI was created to build strong relationships between public and private sectors, with the goal of lubricating the economy with opportunities for strong business growth and job creation for the citizens.
Felipe Monotoro Jens, reports the R $ 44 billion stimulus package is going to include 57 projects and include 22 sectors. The PPI objective is to ensure these funds are able to stimulate as many aspects of the economy as possible. It is important to note Felipe Monotoro Jens, reports of the 57 projects, more than half will not be initiated until the last three months of 2018. These 57 projects are going to include infrastructure projects, airports, docks, privatizing of federal government companies, technology upgrades and enhancements.
Felipe Monotoro Jens, infrastructure project specialist reports BR 153 the highway that connects Anapolis (GO) and Alianca (TO) is set to be included as part of these 57 projects. It came as a bit of a surprise that BR 153 is included in the stimulus, because the Galvao Group had been rejected when they requested to repave BR 153. The BR 364 is also going to be included to get repaved as part of this package. The BR 364 is the main road connecting Comodoro (MT) and Porto Velho (RO). The BR 364 is almost 800 kilometers of road.
The government enterprises listed to be sold to the private sector are the Mint, Ceasaminas, Casemg and Docks Espiritosanto. Felipe Monotoro Jens, noted Moreira Franco, the Secretary General of the Presidency pointed out the Mint is only being sold to get the advanced technology available in the private sector.