Infrastructure in Emerging Markets

In recent years, Public-Private Partnerships (PPPs) and Project Finance have generated fierce debate in academic circles, particularly in the fields of law and economics, as well as in politics and the media in general. Seen by many as a last resort for solving investment problems, while rejected by others as a form of propagandistic government rhetoric, both have been at the heart of discussions about investment and the renewal of sustained economic growth in Latin America, mainly in Brazil. Moreover, the issue of infrastructure poses great challenges for legal scholars and practitioners. Key aspects of the PPP and Project Finance models need to be examined, such as specific and often incomplete contracts, the distribution of risk between public and private partners, and the impact and particularities of procurements in those models. All of these issues are carefully examined in this book, combining international scholarship with Brazil¿s nascent experiences and recent legislation on the matter.