September 25, 2013
By Thierry OgierFor as many years as poor infrastructure has been a drag on Brazil’s growth potential, authorities have sought to find solutions for it.
The latest such attempt, launched amid much fanfare over a year ago, set out to address the main bottlenecks in order to boost the competitiveness of the region’s largest economy.
But so far, the Programa de Investimentos em Logística (PIL), as the concession scheme is known, has barely got off the ground. The program has suffered delays due to regulatory concerns and uncertainty over the availability of financing.
Brazilian government officials nevertheless express confidence — perhaps unsurprisingly — that this time is different. The
Investors remain skeptical that Brazil’s concession program for financing much-needed infrastructure projects will succeed where past attempts have failed