The Municipal Housing Secretariat of São Paulo, grappling with a rapidly expanding metropolis, has made a deal to procure private money to finance the design and construction of 34,000 new homes over the next 6 years. The public-private partnership, or PPP, is the first such project in the city’s history.
The PPP was announced on January 18, 2018 by Felipe Montoro Jens. As the head of the holding company for Odebrecht Properties, he has plenty of expertise in this arena. Odebrecht is the largest engineering and construction firm in Latin America.
The project, said Felipe Montoro Jens, will provide 100,000 new jobs for the city and see investments totalling over R$7 billion. That’s more than $2 billion, in U.S dollars. An infrastructure projects specialist by training, this is a man versed in working with public bodies to develop building projects that are profitable, accountable to taxpayers, and lack the waste and fraud so often associated with such undertakings. Visit frenchtribune.com for more info.
Felipe Montoro Jens envisions a project that will find those efficiencies while meeting the demands of modern urban planning. The developments, 12 different locations are planned in total, will be placed along busy public transportation routes with structures designed to meet housing and utility needs while also considering the lifestyles of urban dwellers. There will be construction for day-care centers, schools, healthcare facilities, and commercial space.
Under the plan developed by the PPP, the municipality of São Paulo will retain full control of the selection process for all housing units.
The project has a rapid timeline but not without passing a series of benchmarks in a thorough preparation process. Felipe Montoro Jens has stated that the project will begin with a public consultation and evaluation period before construction starts are opened to international bidding. Within 2 years it is planned for 4000 units to be complete.