Our partner Diogo Nebias, an infrastructure specialist, was featured in a LexLegal article on the progress of the Santos–Guarujá Tunnel project, a work budgeted at R$ 6.8 billion with a preliminary environmental license granted, paving the way for the sponsored concession auction on B3.
His contribution drew attention to a critical point of the project:
"É imprescindível um contrato que defina claramente a responsabilidade por condicionantes ambientais, prevendo que o poder público assuma custos extraordinários decorrentes de exigências supervenientes. A alocação de riscos deve ser equilibrada: cabendo ao setor privado a execução e manutenção, e ao Estado riscos geológicos e de desapropriação." [A contract that clearly defines responsibility for environmental conditions is essential, providing that the government bears extraordinary costs arising from subsequent requirements. Risk allocation must be balanced: execution and maintenance fall to the private sector, and geological and expropriation risks to the State.]
This insight underscores the importance of a well-structured contract that allocates risks fairly and protects the project's economic viability — essential to ensure that infrastructure moves forward without imbalances or future litigation.
Why this matters for the sector:
- Robust contractual governance is essential in large projects with multiple interfaces (environmental, logistics, port, urban).
- Balanced risk allocation (between the public and private sectors) is decisive in attracting investors and providing legal certainty to the concession.
- A PPP with a solid contractual basis strengthens the credibility of the concessions system and the New PAC.
Read the full article at: https://lnkd.in/d7ChxrfZ
