Brazil's infrastructure investment agenda boosted by partnership with Global Infrastructure Hub
US$44.66 billion in total forecasted infrastructure projects for auction in Brazil between 2020-22.
Brazil is positioned to attract more private sector investment into infrastructure and to bring further bankable projects to market following an 18-month engagement program between the Global Infrastructure Hub (GI Hub) and the Brazilian Government.
Over the last decade, Brazil has progressed an ambitious investment agenda to attract private investment in infrastructure and increase the efficiency of its infrastructure project preparation and management. Between 2020 and 2022, the Brazilian government forecasted bringing more than US$44 billion in infrastructure projects to auction, seeking private participation in successful projects that meet Brazil’s objectives related to sustainability and resilience.
The partnership with GI Hub has helped Brazil leverage consultation and data to attract private investment and improve its capability to bring more bankable projects to market. In doing so, improvements to the quality and efficiency of its infrastructure delivery and operations can be realised, further increasing its attractiveness to private investment.
The engagement began in December 2019 with the GI Hub and Brazil’s Ministry of Economy and Ministry of Infrastructure conducting a thorough needs assessment and designing a targeted program that met the infrastructure needs and priorities set by Brazil, including:
- Market consultation for Brazil’s port privatisation program
- Data collection on private long-term finance for infrastructure
- Benchmarking study on foreign currency exchange risk mitigation strategies
- Improving project preparation capacity.
GI Hub’s CEO Marie Lam-Frendo said the Country Engagement Program enables countries like Brazil to access the GI Hub’s data insights and its knowledge of global best practice and innovations to improve in-country capacity and infrastructure development over the short, medium and long term.
“Collaborating directly with countries is core to our mission to help drive the G20 agenda on sustainable, resilient and inclusive infrastructure,” said Lam-Frendo.
Brazil’s Secretary for International Economic Affairs, Ministry of Economy, Erivaldo Gomes said this partnership with the GI Hub aligned with Brazil's strategy on increasing private participation in infrastructure, using different models of partnerships to meet its needs and best international practices.
“This program highlights the importance of international organisations to act in an integrated manner to attract more private capital to the infrastructure sector in Brazil,” said Gomes.
The GI Hub would like to thank the large number of international organisations and private sector partners who contributed to the program including the Inter-American Development Bank, the World Bank Group, International Finance Corporation, the Brazilian Development Bank, the Sustainable Infrastructure Foundation, Maritime & Transport Business Solutions, Machado Meyer, Boston Consulting Group, New Development Bank, IG4 Capita, Norton Rose Fulbright, Santander and VINCI partners.
Discover more about the Brazil Country Engagement Program here. If your country is interested in partnering with the GI Hub on a future Country Engagement Program please contact us here.