Since 2014
Restore confidence and respect contracts
The Brazilian Economy
View Archive Info| Field | Value | |
| Title |
Restore confidence and respect contracts
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| Creator |
Vale, Renato Alves
Monteiro, Solange |
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| Description |
The CCR Group, operator of Brazil’s most coveted highway concessions, which carried 400 million vehicles in 2015, now wants to expand its airport operations. It already manages the Confins airport in Minas Gerais state and others and is moving into the U.S. market. Renato Alves Vale, president since CCR was founded in 1998, says that although Brazil’s concession program is good, it suffers from a lack of government respect for contracts. “Where a government does not respect contracts, investors prefer not to invest, or require higher rates of return,” he says. Vale, an engineer who graduated from the Federal University of Minas Gerais, believes that the success of new concessions—with which the Finance Minister Henrique Meirelles aims to raise up to US$9 billion in 2017—depends critically on a better business environment, which in turn depends on good government management of contracts. “The lack of confidence that we are experiencing throughout Brazil must be overcome,” he says.
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| Publisher |
The Brazilian Economy
The Brazilian Economy |
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| Contributor |
—
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| Date |
2016-07-11
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| Type |
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion — |
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| Format |
application/pdf
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| Identifier |
http://bibliotecadigital.fgv.br/ojs/index.php/be/article/view/63989
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| Source |
The Brazilian Economy; v. 8, n. 7 (2016); 23-27
The Brazilian Economy; v. 8, n. 7 (2016); 23-27 |
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| Language |
por
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| Relation |
http://bibliotecadigital.fgv.br/ojs/index.php/be/article/view/63989/62026
http://bibliotecadigital.fgv.br/ojs/index.php/be/article/downloadSuppFile/63989/2426 |
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| Rights |
Direitos autorais 2017 The Brazilian Economy
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