A decree signed by President Jair Bolsonaro established the Sustainable Regional Infrastructure Development Fund Council (FDIRS). The document came out in this Thursday (30) edition of the Official Diary of the Union.
The collegiate will be formed by representatives of the Ministry of Regional Development (MDR) – which will hold the positions of presidency and executive secretary of the council–; the Special Secretariat of the Investment Partnership Program (SPPI) of the Ministry of Economy; of the Civil House; and the Ministry of Infrastructure.
The board must choose the financial institution that will be responsible for administering the fund through a public call. Interested institutions must, necessarily, work in the five regions of the country; act in the financing of infrastructure projects; act and have multidisciplinary technical teams for modeling concession projects and public-private partnerships; and have experience in managing investment funds.
Another action made possible by the Decree is the payment of quotas from the Infrastructure Guarantee Fund (FGIE) to the FDIRS. The amount is limited to BRL 11 billion.
The Sustainable Regional Infrastructure Development Fund was created from the restructuring of the Infrastructure Guarantee Fund (FGIE) and its main objectives are: to facilitate the structuring and development of concession projects and public-private partnerships (PPPs); grant guarantees to cover risks related to non-compliance with pecuniary obligations assumed by the public partner in PPPs; and allow participation in investment funds regulated by the Brazilian Securities Commission (CVM), in the form of seed capital.
The structuring and development of concession projects and (PPP) of the Union, states and municipalities will initially have available R$ 750 million, with priority for cities in the North, Northeast and Midwest regions.
