Investment Opportunities in Infrastructure Projects in
Transcrição
Investment Opportunities in Infrastructure Projects in
Investment Opportunities in Infrastructure Projects in Brazil Summary 1. Airports 2. Ports 3. Highways 4. Railways 5. Urban Transportation 6. Hospitals 7. Defense 8. Solid Waste and Sanitation 9. Other Projects SP - 9899398v1 1. Airports Since 2011, Brazil’s civil aviation regulatory authority, ANAC, has privatized a number of airports in order to improve the quality of airport services and infrastructure, as well as to expand the number of flights offered. Four airports have already been privatized, three of which are very important to the national economy: São Paulo’s “Guarulhos” international airport, the “Viracopos” cargo airport in Campinas, and the international airport in Brazil’s capital, Brasília. Two additional important airports are expected to be put to bid for purposes of maintenance and expansion of passenger and cargo capacity: Rio de Janeiro’s “Galeão” international airport and Belo Horizonte’s “Confins” international airport. The criterion for bids for airport concessions is the highest fee offered to be paid for the right to perform the work. Key terms are included hereafter: Project Five regional airports in the State of São Paulo SP - 9899398v1 Amount of Agreement To be determined Term of Object of Concession Status of bid procedure Concession 30 years Concession for the operation and No prediction for management of airports located in the publication of bid notice. cities of Jundiaí, Ubatuba, Campinas, Bragança Paulista, and Itanhaém. 2. Ports The Brazilian port sector has been subject to a number of changes since 2012, including significant reforms brought about by Federal Law No. 12,815/2013 (“Port Law”), in order to modernize Brazil’s ports, as well to promote more competition. With the Port Law, the Government has undertaken studies of public bids for more than 150 public ports in Brazil, which will be conducted by the Special Secretariat of Ports (“SEP”) in conjunction with Brazil’s development bank, BNDES. Recently, Brazil’s waterway transportation regulator, ANTAQ, announced that terminals in the Port of Santos, State of São Paulo, and ports in the State of Pará will be the first block of terminals to be put to bid in 2013 under the Port Law. The bid documents are expected to be issued by October, and bids may occur before the end of the year. The second block includes ports in Paranaguá, in the State of Paraná, and Salvador and Aratu, in the State of Bahia. The third block includes ports in Suape, in the State of Pernambuco, Itaqui, in the State of Maranhão, and other ports in the north and northeast of Brazil. The fourth block consists of port terminals in Vitória, in the State of Espírito Santo, Rio de Janeiro and Itaguaí, in the State of Rio de Janeiro, Itajaí and São Francisco do Sul, in the State of Santa Catarina, and Rio Grande, in the State of Rio Grande do Sul) For new bids under the Port Law, “highest cargo traffic” and “lowest tariff” have been adopted as the bid criteria for the granting of new concessions and leases, instead of the “value of the award” criterion. Notwithstanding the foregoing, investors are not limited to investing in ports via public bids: if an area is outside a public port area, it is now possible to develop and operate private use terminals (“TUPs”), which may henceforth be developed and operated pursuant to authorizations preceded by public calls (chamadas públicas). Large pending projects include: SP - 9899398v1 Project Concession for port areas of the 1st block. Concession for port areas of the 2nd block. Concession for port areas of the 3rd block. Concession for port areas of the 4th block. Port Terminal in the State of Rio de Janeiro Port Passenger Terminal of Salvador SP - 9899398v1 Amount involved in Agreement Term of Concession To be defined 25 years To be defined 25 years To be defined To be defined R$ 379 million R$ 363 million Object of Concession Concession for port areas located in Port of Santos (SP) and Ports of State of Pará. Concession for port areas located in Ports of Paranaguá (PR), Salvador (BA) and Aratu (BA). Status of bid procedure No prediction for publication of bid notice. No prediction for publication of bid notice. 25 years Concession for port areas located in No prediction for Ports of Suape (PE), Itaqui (MA), publication of bid notice. Maceió (AL), Natal (RN), Fortaleza (CE) and Recife (PE). 25 years Concession for port areas located in Vitória (ES), Rio de Janeiro and No prediction for Itaguaí (RJ), Itajaí and São Francisco publication of bid notice. do Sul (SC), and Rio Grande (RS). 25 years Leases of port areas located in the Port of Rio de Janeiro 25 years Leases of port areas for maintenance and operation of port infrastructure to support the loading, unloading and passenger traffic in the Port Passenger Terminal of Salvador. Tender documents available for comments until November 27, 2014. No prediction for publication of bid notice. Tender documents available for comments until December 17, 2014. No prediction for publication of bid notice. Port Passenger Terminal of Recife SP - 9899398v1 R$ 201 million 25 years Leases of port areas for maintenance and operation of port infrastructure to support the loading, unloading and passenger traffic in the Port Passenger Terminal of Recife. Tender documents available for comments until December 17, 2014. No prediction for publication of bid notice. 3. Railways Railway concessions in Brazil started in the mid-1990's in a context of the absence of investments by the public sector. Now, Brazil faces an important change compared to past rail concessions, when both infrastructure and services were provided together. Coming concessions are based upon a distinction between infrastructure and services. Brazil’s land transportation regulatory authority, ANTT, is currently overseeing railway concessions throughout the country in order to improve and expand Brazil’s rail system, as well as to alleviate congestion in Brazilian ports. Main opportunities in progress are: Project Amount involved in Agreement Term of Concession State of São Paulo Intercity Train (STM) R$18.5 billion 30 years Belo Horizonte – Candeias To be defined To be defined Marinque – Rio Grande To be defined To be defined SP - 9899398v1 Object of Concession Sponsored concession for construction of infrastructure, deployment of equipment and systems, the purchase of rolling stock, and operation and maintenance of an integrated network of 430 km. of lines of intercity trains. Concession for construction of rail transportation on railway involving 1,419 km. of rail beds between City of Belo Horizonte, State of Minas Gerais, and City of Candeias, State of Bahia. Concession for construction of rail transportation on railway involving 1,667 km. of rail beds between City of Status of bid procedure No prediction for publication of bid notice. Government currently reviewing concession modeling Government currently reviewing concession modeling Uruaçu – Campos dos Goytacazes To be defined To be defined Lucas do Rio Verde – Campinorte To be defined 35 years Maracaju – Lapa To be defined To be defined Estrela D’Oeste – Dourados To be defined To be defined Açailândia – Porto To be 35 years SP - 9899398v1 Marinque, State of São Paulo, and City of Rio Grande, State of Rio Grande do Sul. Concession for construction of rail transportation on railway involving 1,706 km. of rail beds between City of Uruaçu, State of Goiás, and City of Campos dos Goytacazes, State of Rio de Janeiro. Concession for construction of rail transportation on Railway involving 1,065 km. of rail beds between City of Lucas do Rio Verde, State of Mato Grosso, and City of Campinorte, State of Goiás. Concession for construction of rail transportation on railway involving 1,706 km. of rail beds between City of Maracaju, State of Mato Grosso do Sul, and City of Lapa, State of Paraná. Concession for construction of rail transportation on railway involving 1,706 km. of rail beds between City of Estrela D’Oeste, State of São Paulo, and City of Dourados, State of Mato Grosso do Sul. Concession for construction of rail Government currently reviewing concession modeling Government currently reviewing concession modeling Government currently reviewing concession modeling Government currently reviewing concession modeling. Government currently de Vila do Conde defined EF 151 – Açailândia Barcarena To be defined To be defined EF 354 – Anápolis Corinto To be defined To be defined EF 116 – Belo Horizonte Guanambi To be defined To be defined EF 354 – Sapezal – Porto Velho To be defined To be defined EF 170 – Sinop – Miritituba. To be defined To be defined Porto Nacional/TO – Estrela To be defined To be defined SP - 9899398v1 transportation on railway, involving 1,706 km. of rail beds between City of Açailândia, State of Maranhão, and City of Porto de Vila do Conde, State of Pará. Implementation of railway infrastructure in EF - 151, in the stretch along Açailândia (MA) and Barcarena (PA), Implementation of railway infrastructure in EF - 354, in the stretch along Anápolis (GO) and Corinto (MG), Implementation of railway infrastructure in EF - 116, in the stretch along Belo Horizonte (MG) and Guanambi (BA), Implementation of railway infrastructure in EF - 354 in the stretch along Sapezal (MT) and Porto Velho (RO), Implementation of railway infrastructure in EF - 170 in the stretch along Sinop (MT) and Miritituba, district of Itaituba (PA), Request for contributions for the modelling of concession for the reviewing modeling concession No prediction for publication of bid notice. No prediction for publication of bid notice. No prediction for publication of bid notice. No prediction for publication of bid notice. No prediction for publication of bid notice. No prediction for publication of bid notice. D'Oeste/SP SP - 9899398v1 operation and implementation of railway infrastructure in the stretch along Porto Nacional/TO and Estrela D'Oeste/SP. 4. Highways Brazil’s highway regulatory body, ANTT, has a master plan for highway infrastructure in the coming years. The plan, denominated “Step 3/Phase III for Federal Highway Concessions”, includes concessions throughout the country and represents a change to the extent that previous concessions were concentrated in the coastal states. These concessions will strategically link railways and ports, delivering more efficiently soy, iron, and sugar to trading partners. As in the railway sector, the criterion for the selection will be the lowest toll fee charged to users. The main opportunities in progress are: Project Amount involved in Agreement Term of Concession Rio-Niteroi Bridge To be defined To be defined BR-163 (Mato Grosso Pará) To be defined To be defined BR-364 (Mato GrossoGoiás) To be defined To be defined BR-364 (Goiás – To be To be SP - 9899398v1 Status of bid procedure Object of Concession Concession for recovery, operation, maintenance, and implementation of improvements and expansion of the bridge located between Rio de Janeiro and Niterói. Concession for recovery, operation, maintenance, and implementation of improvements and expansion of BR163 between Sinop (MT) and Miritituba (PA). Concession for recovery, operation, maintenance, and implementation of improvements and expansion of BR 364 between Mato Grosso and Goiás. Concession for recovery, operation, No prediction publication of notice. for bid No prediction publication of notice. for bid No prediction publication of notice. for bid No for prediction Minas Gerais) GO 020 (between Goiânia and Cristinópolis); GO 060 (between Goiânia and São Luiz de Montes Belos); GO 070 (between Goiânia and City de Goiás) SP - 9899398v1 defined To be defined defined To be defined maintenance, and implementation of publication improvements and expansion of BR notice. 364 between Goiás and Minas Gerais. of bid Concession for (roads: GO 020 (between Goiânia and Cristinópolis); GO 060 (between Goiânia and São Tender expected to Luiz de Montes Belos); GO 070 take place in 2015. (between Goiânia and City de Goiás); GO 080 (between Goiânia and São Francisco de Goiás) 5. Urban Transportation The Federal Government has implemented “Urban Mobility Programs” (as part of the Growth Acceleration Programs “PAC’s”) to improve access and expand infrastructure for urban transportation. Currently, many PAC’s are underway in Brazilian cities, including headquarter cities for the World Cup in 2014. Resources are being invested in subways systems, bus rapid transit (BRT), bus lanes, and high speed trains, among others. In order to make these investments, Brazil’s government is primarily making use of sponsored concessions and manifestation-of-interest proceedings. Main opportunities in progress include: Project Amount involved in Agreement Term of Concession Metropolitan Integrated System of RMBS (STM/EMTU) R$688 million 25 years Line 20 (“Pink”) of São Paulo’s subway system (STM/Metrô) R$7.5 billion 25 years SP - 9899398v1 Status of bid procedure Government Sponsored concession for construction currently reviewing and operation of 39 city bus lines of 11.2 concession km. each. modeling Sponsored concession for management, operation, and maintenance of Line 20 Government (“Rosa”) of the São Paulo subway system. currently reviewing The project involves 12.3 km. of rail beds, concession 14 stations, and 13 trains, with expectation modeling of 468,000 passengers per day. Object of Concession Project ABC Express- Line 10 (“Turquoise”). (STM/CPTM) Amount involved in Agreement R$1.5 billion Term of Concession 30 years Curitiba Subway System R$2 billion 34 years Porto Alegre Subway System To be defined To be defined Metropolitan Rail Transport - MG To be defined To be defined Waterway transportation of passengers - Vitória R$ 1,4 billion 20 years SP - 9899398v1 Object of Concession Sponsored concession for management, operation, and maintenance of Line 10 (“Turquoise”) of São Paulo city train system. The project involves 25.2 km. of rail beds. Feasibility studies of technical, economic and financial aspects of sponsored concession for management, operation, and maintenance of Curitiba’s subway system. Feasibility studies of technical, economic and financial aspects of sponsored concession for management, operation, and maintenance of Porto Alegre’s subway system. Concession for construction, operation and maintenance of Metropolitan Rail Transport between the Tancredo Neves International Airport and the centre of Belo Horizonte. Administrative concession for the rendering of waterway transportation of passengers in the metropolitan region of Vitória – State of Espírito Santo. Status of bid procedure Government currently reviewing concession modeling No prediction delivery proposals. for of No prediction delivery proposals. for of No prediction delivery proposals. for of Suspended. 6. Hospitals and health-related projects In order to improve the quality of hospitals and health services, the Government is promoting a series of administrative concessions for building new hospitals and offering new health services. The main opportunities in progress include: Project Amount involved in Agreement Term of Concession Object of Concession Administrative concession for development of logistics for distribution of pharmaceutical products, involving physical infrastructure, distribution of drugs, and technological infrastructure. Logistics and Pharmaceutical Services (SES) R$150 million 20 years State Children’s Hospital of Espírito Santo To be defined To be defined Hospital Complex (Brasília) To be defined 20 years Hospital – Military Police (Brasília) To be defined To be defined SP - 9899398v1 Status of bid procedure Tender documents available to comments until March 10, 2014. No prediction for delivery of proposals. No prediction for delivery of proposals. Administrative concession for construction and operation of children’s hospital in State of Espírito Santo. Administrative concession for construction, purchase of equipment and Suspended. furniture, and management support services of hospital complexes in Brasília. Feasibility studies on administrative No prediction for concession for construction, purchase of delivery of proposal equipment and furniture, and Digital Data Platform – City of São Paulo Hospital das Clínicas - Sorocaba SP - 9899398v1 To be defined To be defined To be defined To be defined management support services of military hospital in Brasília. Feasibility studies on administrative concession for the development and operation of data platform regarding the public health system of the City of São Paulo. Administrative concession for construction, purchase of equipment and furniture, and management support services of the future Hospital das Clínicas de Sorocaba. No prediction for delivery of proposal Public Hearing scheduled for September 1, 2014. 7. Solid waste, sanitation and related projects Sanitation projects in Brazil are especially promising for investors, as municipalities are promoting projects in order to meet infrastructure development mandates. Concessions include drinking water projects, sewage/sanitation, urban sanitation, solid waste management, and drainage and management of urban storm water. The main opportunities in progress include: Project Solid Waste Disposal System – Goiânia, State of Goiás. Water Supply System in the City of Pará de Minas SP - 9899398v1 Amount involved in Agreement To be defined To be defined. Term of Object of Concession Concession To be Feasibility studies of technical, economic defined and financial aspects of concession for integrated management of collection, treatment, and processing services of solid waste in the metropolitan region of Goiânia, city capital of Goiás. To be defined Status of bid procedure Delivery of feasibility studies scheduled for April 25, 2014. No prediction for publication of bid notice. No prediction for delivery of proposal. Deadline for Feasibility studies referring to the registration in Public modelling of concession for the Water Call to complement Supply System in the City of Pará de the technical Minas, State of Minas Gerais. feasibility studies expired on July 31, 2014 Basic Sanitation System – City of Maringá, State of Paraná SP - 9899398v1 R$ 1,2 billion 30 years Administrative concession for the rendering of services of collection, treatment and final disposal of solid Suspended. waste in the city of Maringá, State of Paraná. 8. Defense The government is promoting investments in order to modernize the defense sector. In 2011, the Management Committee of Federal Public-Private Partnerships issued Resolution No. 3 of December 14, 2011, which defines projects that are government priorities. The concession modeling of several other projects are currently under review by the government. Main opportunities in progress include: Project Itaguaí Naval Facilities – Module 1 Supply and fleet management (“AGEFROT”) SP - 9899398v1 Amount involved in Agreement Term of Concession Maximum public compensation of R$1,200,000.00 To be defined To be defined To be defined Object of Concession Feasibility Studies for public bid, structuring a Public-Private Partnership for a project to build residential and commercial facilities for staff at the new Naval Complex located at Itaguaí. Feasibility studies for structuring a Public-Private Partnership that will include the following services within the area of operations of the 11th Military Region: (i) provision of fuels and lubricants required for operations of the Brazilian Army; (ii) implementation of system that allows monitoring of ground fleet and control of supply and consumption of fuels during maneuvers, and (iii) construction, modernization, Status of bid procedure No prediction for delivery of proposals. No prediction for delivery of proposals. New Military School of Manaus Sports and Recreational Facilities Almirante Adalberto Nunes (“CEFAN”) – Navy Sports Facilities in Rio de Janeiro Manufacturing and maintenance of a new rifle designed by Imbel. Army Science and Technology Center in City of Guaratiba, State of Rio de Janeiro (“PCTEG”). SP - 9899398v1 To be defined To be defined To be defined To be defined To be defined To be defined To be defined To be defined maintenance, and operation of gas stations owned by Brazilian Army. Feasibility studies of technical, economic, financial, legal, and environmental issues arising in connection with new Military School (Novo Colégio Militar) in Manaus. Feasibility studies of technical, economic, financial, legal, and environmental issues for bids for project to expand, modernize, and redesign the Sports and Recreational Facilities Almirante Adalberto Nunes (Centro de Educação Física Almirante Adalberto Nunes - CEFAN) in Rio de Janeiro. Concession for provision of portable armament for the Brazilian Army. Tender documents will be available for public consultation until October3, 2014. Government currently reviewing concession modeling. Government currently reviewing concession modeling. Creation of scientific, technological, and industrial complex composed of higher education institutions and R&D Government currently organizations, and other types of reviewing concession companies and organizations. Proposed modeling. arrangement seeks to encourage innovation, competitiveness, and sharing Amazon Multimodal transportation. Military Hospitals in City of Manaus, State of Amazon, and City of Brasília, Federal District. New Military School in City of Belém, State of Pará. SP - 9899398v1 To be defined To be defined of knowledge, allowing to triple the number of engineers trained. Concession for the construction of transportation system that provides the State of Amazon with a “Logistics Government currently Platform” to ensure logistical support for reviewing concession Frontiers' Special Platoons, as well as modeling. reinforce their support to local population. To be defined To be defined Concession for construction of military Government currently hospitals for emergency care, clinical reviewing concession examinations, and tests of high modeling. complexity, among others. To be defined To be defined Concession for the construction and Government currently maintenance of the New Military School reviewing concession in the City of Belém, State of Pará. modeling. 9. Others The concession of public services by the government to private partners exceeds the possibilities mentioned above. The use of common concessions and public-private partnerships is increasing in Brazil, such mechanisms now being used in numerous situations. The initiative to transfer the execution of public services to private partners stems from the desire of the public authorities to more efficiently deliver the services granted. In addition, such action allows the government to concentrate its investments and efforts in activities where the presence of the public authorities is essential to the achievement of government priorities. The main opportunities in progress include: Project Centralized System of Collection of Integrated Ticket (STM). Prison Complex (SAP) Courts of Justice SP - 9899398v1 Amount involved in Agreement Term of Concession R$522 million 30 years R$750 million 30 years R$130 million 25 years Status of bid procedure Administrative concession for operation Government currently of electronic collection of transportation reviewing concession fares through magnetic card readers. modeling. Object of Concession Administrative concession for construction, operation, and maintenance of prison units in State of São Paulo. Project involves creation of units for 10,500 inmates. Administrative concession for Government currently reviewing concession modeling. No prediction for (SJDC) Vehicular Courtyard (SPDRDetran/SLTDER/Polícias Militar and CivilSSP) R$1.1 billion 30 years R$1.22 billion 20 years Manufacturing of signs and car plates for the State of Minas Gerais. To be defined To be defined Sport Center Brasília To be defined To be defined Protected Areas – Minas Gerais R$ 320 million 30 years Digital Identification (Casa Civil/IMESP) SP - 9899398v1 construction, renovation, and maintenance of 6 Courts of Justice in State of São Paulo. Administrative concession for implementation and operation of logistics for deposit, custody, and disposal of vehicles, as well as modernization of activities arising from traffic enforcement organs. delivery of proposals. Tender documents available for comments until February 20, 2014. Awaiting the publication of the final version of the bid notice. Administrative concession for electronic Government currently civil identification system to modernize reviewing concession identification system in State of São modeling. Paulo. Feasibility studies for concession of Tender documents administrative center in the State of available for comments Minas Gerais regarding the until December 3, manufacturing, distribution, printing and 2014. placement of signs and car plates. No prediction for delivery of proposal. Feasibility studies for concession of No prediction for sports complex in the Federal District. delivery of proposal. Administrative concession for Delivery of proposals preservation and conservation of scheduled for January protected areas in State of Minas 12, 2015. Gerais. Public Lighting Network - São Paulo To be defined To be defined Feasibility studies for concession of Sem previsão para public lighting network in the city of São entrega de propostas. Paulo. Public Lighting Network – Caraguatatuba, State of São Paulo Vehicular Courtyard – DETRAN Minas Gerais To be defined 13 years Feasibility studies for concession of Public hearing public lighting network in the city of scheduled for Caraguatatuba, State of São Paulo. September 19, 2014. To be defined. To be defined. Headquarters – DETRAN Minas Gerais To be defined To be defined Administrative concession for implementation and operation of logistics for deposit, custody, and disposal of vehicles, as well as modernization of activities arising from traffic enforcement organs. Administrative concession for construction and maintenance of the DMV’s headquarters in State of Minas Gerais. Gameleira Exposition Center R$ 617 million 30 years To be defined To be defined East Sector – Port of Paranaguá SP - 9899398v1 Feasibility studies for administrative concession of exposition center in the State of Minas Gerais. Concession for construction, improvement and management of new tourism complex in the Port of Paranaguá. No prediction for delivery of proposal. Delivery of feasibility studies schedule for May 21, 2014. No prediction for publication of bid notice. Tender documents available for comments until March 31, 2014. No prediction for delivery of proposal. Deadline for enrolment in Public Call for the drafting of technical feasibility studies Digital Identification – State of Espírito Santo Mercado do Cruzeiro – Belo Horizonte To be defined To be defined 20 years. To be defined Aerospace Technology and Qualification Centre - CTCA (State of Minas Gerais) To be defined To be defined Public Electronic Clocks – Federal District R$ 33 million 25 years SP - 9899398v1 expired on August 15, 2014. Administrative concession for electronic Tender documents civil identification system to modernize available for comments identification system in the State of until October 15, 2014. Espírito Santo. Concession for renovation, maintenance, and operation of the Mercado Distrital do Cruzeiro Complex, in Belo Horizonte. Deadline for enrolment in Public Call for the drafting of technical feasibility studies expires on November 03, 2014. Deadline for enrolment in Public Call for the drafting of technical feasibility studies expires on March 06, 2015. Expression of interest for the delivery of feasibility studies for the structuring of the concession for implementation of physical infrastructure, management and operation of services for the Aerospace Technology and Qualification Centre – CTCA Concession for the implementation, Delivery of proposals instalation and maintenance of public scheduled for February electronic clocks, with built propaganda 3, 2015. outdoor.