IFC drafts Rio school PPPs

IFC drafts Rio school PPPs

Structured Finance Brazil Project & Infrastructure Finance

The Rio de Janeiro city government has hired the IFC to help draft a proposed PPP for roughly 130 new schools. The private partner will design, build, finance, operate and maintain (DBFOM) the schools and provide non-educational services through a 30-year contract. The city has a waiting list of 32,000 seats for kindergarten students and 12,000 preschool students. The list is expected to reach 55,000 children by 2020. The new schools will add enough seats to take all the students off the waiti

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