All Eyes on Rio's Olympic Infrastructure Plans

Brazil will likely turn to the private sector to partner with it in the development of all of these facilities as it has recently done in the development of such major projects as the expansion of Linha 4 of Sao Paulo's Metro, which was Project Finance Magazine's Latin American Transport Deal of the Year 2008.

"Brazil has increasingly turned to the private sector for its infrastructure development," said Fulbright Partner Joel Moser, who co-chairs Fulbright's Global Infrastructure Group. "Much of the new development planned for Rio will likely be undertaken under Brazil's recent Public Private Partnership Investment Law, as government concessions, or under similar programs at the state level. These projects most likely will be developed and financed in a fashion similar to Sao Paulo's Metro's Linha 4 financing and development. Combined with Brazil's investment grade rating, such programs will serve to attract international capital for these major projects."

A recent Fulbright publication, Global Infrastructure, Volume IV, focuses on infrastructure development in Brazil with articles by industry experts, as well as members of Fulbright's Global Infrastructure Group, which assisted in the Metro Linha 4 project and many other major infrastructure and public-private partnership projects around Brazil. The special report includes an in-depth look at project finance models in Brazil and the move toward an international approach in this expanding economy by the Head of Project Finance and Advisory at Standard Bank-Brazil, Guilherme Alice, along with Fulbright lawyers Brian Bradshaw and Felipe Alice.

Despite the impact of the global downturn, Latin America's largest and most diverse economy is among the first countries in the world to emerge from recession and is poised for ambitious and far-reaching infrastructure expansion in the transportation, energy, social and urban sectors.

"The overall opportunities for foreign investment in Brazil are significant, beyond the buildup to the World Cup and the Olympics," Moser said.

To access Global Infrastructure, Volume IV and prior issues, please visit www.fulbright.com/globalinfrastructure25.

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SOURCE: Fulbright & Jaworski L.L.P.

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