Since August 31, 2016, when Michel Temer took over the office of the President, the Investment Partnership Program (PPI) has had a year full of events. In the first year of office, PPI executed 44 auctions in the infrastructure sector. According to infrastructure projects expert Felipe Montoro Jens, the better part of 2017 will also be full of activities with PPI planning to carry out 18 more auctions before the end of the year. The projects will be rolled out despite the current political talks going on in the Brazilian government.
However, like any other successful projects, the auctions are likely to face some challenges. Felipe Montoro Jens has invited new players from the private sector to be part of the projects even as Lava Jato seeks to shut down major projects. The projects also face the challenge of economic recession especially when investors opt to invest in other countries and not in Brazil, leaving many Brazilians unemployed. According to PPI project coordinator Tarcisio Gomes de Freitas, one of the ways to promoting growth and development of infrastructure is to exercise governance on projects as a way of ending the vicious cycle that drives away potential investors. This will lure more foreign investors to invest more in the country. PPI is also handing over some of its projects to the private sector. For example, the project on transmission lines which was carried out by the private sector is so far the largest in the history of Brazil.
The primary goal of this initiative by the PPI is to build strong relationships between the public and the private sector without government interference. In the past, the government used to take control of projects carried out by the private sector, and this led to the fall out with foreign investors who felt left out in the major decisions.