Date set for latest Brazil park P3

The State of Rio Grande do Sul, Brazil, has announced an auction for the Botanical Garden of Porto Alegre.

Under the plans, private partners will take the concession for a 50-acre botanical park, overseeing its modernization and revitalization.

Overall the value of the 30-year concession is around $47m, with significant investment required in the first seven years.

The auction will take place on December 8, 2022.

Earlier this month, Rio Grande do Sul selected a winner of another park P3.