São Paulo state, Brazil's economic center, is resuming its auctions for private investment in large ... [+] infrastructure projects. Six public auctions are set to resume, likely taking place during the first half of 2021. Back in May, the São Paulo administration announced the largest highway concession contract ever signed in Brazil; a 30-year project – worth $2.5 billion – that encompasses 791 miles of road. The outlook for global businessesDespite the many uncertainties stemming from the pandemic, the São Paulo state government is likely be successful in expanding its infrastructure through private sector bids over the next two years. Thomaz Favaro is a Director and lead analyst for Brazil & the Southern Cone at Control Risks, based in São Paulo.

Source: Forbes October 06, 2020 19:18 UTC