Para hires advisors for schools PPP project

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Para hires advisors for schools PPP project

The Brazilian State of Pará has hired advisors to launch a tender process for the development of schools through a public rivate partnership (PPP) contract.

The project would involve the construction, operation and maintenance of 50 schools. It will be structured by the Brazilian Development Bank, also known as National Bank for Economic and Social Development (BNDES), and by the International Finance Corporation (IFC), a member of the World Bank.

The project would take advantage of the PPP law that the State of Pará approved in 2012.

Pará is a state in northern Brazil. The capital and largest city is Belém, the 11th most populous city in the country. Pará is the most populous state of the northern region with a population of over 7.5 million, being the ninth most populous state in Brazil. It is the second largest state of Brazil in area, with 1,2 million km², second only to Amazonas.

On Mach this year we reported that the Municipality of Contagem, located in Minas Gerais, started the preparation of the feasibility studies for two possible PPP projects in the areas of education and health. The education PPP project would involve the renovation, expansion and operation of non educational services of Contagem's public school units.

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