Coup-Imposed Temer Government Commences Privatization Plan for Brazil

‘The new government in Brazil has announced a multibillion dollar privatization plan in an attempt to pull the country’s economy out of the worst recession in eight decades.
It plans to auction off operating licenses for oil and gas, electricity and infrastructure projects.
Four airports in the cities of Porto Alegre, Salvador, Florianopolis and Fortaleza are expected to be sold by March, along with two port terminals.
The government aims to raise $24 billion from the concessions program, and will also offer contracts to private firms for a wide range of projects from building new roads to running mines.’
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