Brazil Announces Massive R$44 Billion Privatization Plan

The Temer administration hopes to raise R$44 billion by selling its participation in airports, ports and highways.

By Lise Alves, Senior Contributing Reporter

SÃO PAULO, BRAZIL – To increase its revenues and boost the economy, Brazil’s federal government announced on Wednesday a plan to privatize 57 federal holdings in hopes these will yield R$44 billion. Among those holdings to go to the private sector are fourteen airports, eleven electric transmission lines, fifteen port terminals and the Brazilian Mint.

"The (PPI – Private/Public Partnership) program has contributed in an effective way to the Brazilian economy,” said General Secretariat of the Presidency Wellington Moreira Franco, during a press conference to announce the plan.

“It means the creation . . .

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