Brazil Announces ‘Project Growth’ Privatization Program

By Lise Alves, Senior Contributing Reporter

RIO DE JANEIRO, BRAZIL – Brazilian President Michel Temer announced earlier this week plans to privatize some of the nation’s airports, federal highways and rail lines, sewage systems, energy distributors and sell off gas and oil fields and state-controlled companies.

With the plan, dubbed Projeto Crescer (Project Growth), the Brazilian government hopes to obtain resources and share with the private sector some of the responsibility of constructing and managing the country’s infrastructure system.

“We will increasingly show that the government cannot do everything. We need to have the presence of the private . . .

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