The Brazilian state of Rio Grande du Sul has launched a public consultation of its upcoming Erechim Prison concession.
Under the plans, private partners will design, build, finance, operate and maintain a new 1,125 capacity prison in the north of the state, requiring an estimated $479m of investment across the 35-year concession.
“We believe that the prison system, not only in Rio Grande do Sul, but in Brazil, needs to look for alternatives beyond those already tested for a long time and that demonstrate not achieving the necessary results,” said Claudio Gastal, state secretary of planning governance and management. “This Erechim PPP meets this new concept in the penal system.”
Once the public consultation is completed, the project’s procurement will take place in the second half of this year.
The National Bank for Economic and Social Development, Inter-American Development Bank and the Special Secretariat of the Investment Partnerships Program of the Ministry of Economy are supporting the state on the project.