BNDES structures prison PPP in Santa Catarina

BNDES structures prison PPP in Santa Catarina

Project & Infrastructure Finance Corporate & Sovereign Strategy Economy & Policy Regulation Brazil US

Brazil's national development bank BNDES said it has signed an agreement with the Santa Catarina state government to structure a public-private partnership (PPP) to build and operate a new prison in the city of Blumenau. "The project has the potential to be replicated in other places around the country, becoming the reference point for a new standard," the state-run lender said in a press release on Tuesday night. The new complex for 3,000 male inmates will replace the existing prison in the cen

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