Kenneth Rapoza – Forbes, 8/10/2012
Privatization is back. It almost feels like the 1990s.
Well, sort of.
It’s not out right privatization, but the Brazilian government plans to announce billions in state asset sells to private investors through long term concession deals that would give the winning bidder the right to operate roads, rails and ports, many once built by the government, for around 30 years.
Brazilian president Dilma Rousseff is set to announce the concession projects next Wednesday in Brasilia, the nation’s capital. The total amount is estimated to be around R$90 billion, or $45 billion over the next five years.