| Minas Gerais is the second most-populated and | | | | compilation of all the information obtained from the |
| second most-richest state of Brazil. The service | | | | private sector to establish an excellent model. |
| sector is the largest contributor towards the GDP of | | | | Why to invest in this project? |
| the state of Minas Gerais. It has marked economic | | | | The profitable thing is that highway concessions in |
| divisions. The northeastern region of the state is | | | | Brazil have reached a very extraordinary level of |
| characterized by poverty; however, Teófilo Otoni | | | | maturity. The state has explicitly committed to |
| and Governador Valaderas play a key role in | | | | structure a good project. By investing in this |
| attracting foreign traders for its semi-precious | | | | ambitious project, investors can get profitable return |
| gemstones such as sapphire and topaz. The central | | | | rates in the long run, in a tested and solid legal |
| region has huge iron deposits. It also houses reputed | | | | environment. |
| companies such as Iveco and Fiat. The southern | | | | Public-Private Partnership Project in the Penitentiary |
| region has many medium-sized cities boasting of solid | | | | System: |
| industrial bases including: Varginha, Juiz de Fora, Pocos | | | | As per this contract, the private partners shall be |
| de Caldas and Pouso Alegre. Western Minas Gerais | | | | held responsible for the development of a |
| is comparatively less densely populated and is being | | | | penitentiary complex for about 3,000 male inmates. |
| seen as a hub of biotechnology-related investment. | | | | In addition, the private partners will be liable for both |
| Currently there are two major projects in which | | | | the operation and the maintenance of the |
| investors can consider investing in. These areas of | | | | undertaking. Private partners will also be given |
| investment are: | | | | compensation based on the availability of location and |
| Concession of 16 lots of highways: | | | | abidance of various performance levels that are |
| The state of Minas Gerais has the largest highway | | | | objectively laid down in the agreement. The amount |
| system in Brazil. It links several areas of the central | | | | of investment estimated is above US$100 million and |
| and northeast regions to the areas in the southeast | | | | the contract is anticipated to be of 27 years. |
| and south. The Minas Gerais state government is | | | | Why to invest in the project? |
| planning to introduce a competitive bidding process | | | | There's an inhibited necessity associated with the |
| for the concession via the Public-Private Partnership | | | | number of available spots to inmates. Private |
| method. The government is expecting a private | | | | partners will be allowed to present the outline of the |
| investment of R$3.5 billion and the creation of R$12.5 | | | | project after ensuring that all the minimum standards |
| billion in deals throughout the entire concession period. | | | | are met. The private partners can gain a significant |
| The private sector was provided the chance to | | | | profit by investing in this project. |
| contribute with essential studies to the execution of | | | | The state also has a hospitable and skilled labor force. |
| the project, by a process called Request for | | | | Thus, investors can reap the benefits of investing in |
| Expression of Interest (EOI). After the request is | | | | Minas Gerais Brazil is a business-friendly region. |
| received, the Minas Gerais state will process the | | | | |