A special report published by Broadcast/Estadão on 10/17 highlighted an unprecedented phenomenon in the infrastructure sector: in 2025, almost half of the winners of federal highway auctions were disqualified even before signing the contracts.
The causes include labor irregularities, flaws in performance bonds and lack of technical or financial proof. Although initially viewed with concern, the trend has been interpreted by experts as a sign of greater institutional rigor and regulatory maturity. Our partner Diogo Nebias, a specialist in infrastructure contracts and regulation, was one of those interviewed and stressed the importance of this preliminary screening for project stability: "Apesar de, numa primeira impressão, soarem negativamente, essas decisões têm um objetivo positivo — garantir serviços adequados e evitar disputas futuras." [Although at first glance they sound negative, these decisions have a positive objective — to ensure adequate services and avoid future disputes.]
The analysis reflects the central role of legal certainty in attracting long-term investment and consolidating a predictable and reliable environment for the concessions sector.
📄 Report by Elisa Calmon and Luiz Araújo — Broadcast/Estadão, 10/17/2025
