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Senate approves Investment Partnership Programme

Legislative

The programme covers infrastructure projects (both under way and planned) that can be funded through partnership agreements with the private sector
published: Sep 08, 2016 12:00 AM last modified: Sep 12, 2016 02:06 PM
Agência Brasil Moreira Franco is the Secretary in charge of the Investment Partnership Program

Moreira Franco is the Secretary in charge of the Investment Partnership Program

After a session that ran into the late hours of Thursday (8), the Senate gave its approval to Provisional Decree 727, which establishes the Investment Partnership Program (PPI in the Portuguese acronym). The PPI is the main instrument in Michel Temer's administration to help execute public infrastructure projects and other concessions to the private sector.

The bill was the president's first measure for the infrastructure area. The PPI covers infrastructure projects funded through partnership agreements with the private sector, both under way and in planning.

According to the Provisional Measure, the government must determine those PPI projects that will be prioritized for "procedural and administrative reviews" by the government's technical bodies. In other words, it states that these projects will have priority in the review required for several licences and permits - these include environmental, urban planning, regulatory, transit, public equity, water, cultural heritage protection, customs, mining, tax, indigenous land occupation and any other licenses and permits required for the implementation and operation of the different projects.

The government's intention is to expedite the concession of projects to the private sector and measures of the National Privatization Programme (under Law 9,491/97), the latter aiming to return companies that were nationalized to the private sector.