The Public-Private Partnership and what is happening today in Brazil is a model that was once celebrated in another part of the country. In Belo Horizonte, capital of Minas Gerais, this was accomplished by the development of its own child-care network and was completed in July 2012. To keep up with the demand, many things are needed in the Child Care Sector. A plan was developed for Rio de Janeiro to construct, maintain, and take care of what was needed for the city to thrive. Another addition to this current project was the 20,000 new places in day-care centers and 40,000 new places in pre-schools.
The International Finance Corporation, is the place responsible for the services through a Public-Private Partnership. This institution is actually the largest to partner with developments such as the PPP, as the IFC is the largest private sector developer in developing nations.The IFC was hired for R $2.3 million and is working closely to ensure every level of construction is done in accordance to the year 2020 deadline. Resources, expertise, innovative thinking and experience globally are some of the positives you can trust when it comes to what they will bring to the table.
All in all, this project that is underway for Rio’s Child Education Network is no small one by any means. It takes groups of all different kinds of individuals to ensure the process is completed to the best of it’s adherence to said guidelines. The Public-Private Partnerships were created by Law No. 11,079 in the year 2004. That December, it established many guidelines for the bidding and contracting of the Public Private Partnership within this public administration. Felipe Monotoro Jens explains this and more with regard to the entities of the public administration as well as the private partners.