Brazil rolls out mega concession program
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21st February 2013

Minister of Finance Guido Mantega lists economic conditions, tax incentives and figures of a large underserved market to convince investors to participate in a $200 billion concession program to be announced Tuesday in New York.
“In the past seven months the Real was one of the least volatile currencies in the world. There is no need to take measures to control currency appreciation other than to leave it to float free,” Brazilian Minister of Finance Guido Mantega told Latin Business Chronicle.
Mantega´s statement should represent peace of mind for investors interested in participating in the new $200 billion concession program to be announced next Tuesday in New York. It is the largest-ever investment program in Brazil.
Mantega plans to offer concessions in airports, roads, railways, electric power and oil and gas. Most of these projects were presented by LBC in January in our Latin Infrastructure Guide.  To see the report click here. Among the most ambitious ones on the list are the construction of a $17 billion bullet train from Rio to Campinas and the concession of the Galeão and Confins airports, $2,400 and $3,300 projects.
The Minister pointed to the relative strength of the Brazilian economy as a guarantee to investors. “The Brazilian economy has favorable conditions for long-term growth,” he said. And he has a collection of figures to prove his claim. On the fiscal front, for instance, public debt as a percentage of the Gross Domestic Product (GDP) is 35 …

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