When the city of Rio de Janeiro decided it was time to upgrade their Child Education Network, some planned was called for. Financing was very important to this project in relation to all aspects of it, so when the International Finance Corporation got involved and joined the Public-Private Partnership, things took a turn for the better.
Throughout the world many organizations are coming together to make much better use of existing infrastructure, as well as funding operations. A major deal was struck and its plan was designed by Rio de Janeiro in hopes of expanding the city’s child education network.
20,000 new places in day-care centers and 40,000 new places in pre-schools will be completed by the end of the year 2020. The increase in jobs, as well as infrastructure in this sector makes great use of the resources invested. Not only will this increase the number of places, but funding goes to things like New Infant Education Units.
Mayor Marcelo Crivella, emplores investors to stay the course, as he speaks highly of the program that was completed in the capital of Minas Gerais in July 2012. A complete overhaul was made and now the city of Rio begins its task of renewing and reconstructing their network. The two are very similar in ways that relate to the number of well needed day-care, and nursery schools.
According to Felipe Montoro Jens, Everyone so far has enjoyed the fact that the Public and Private sector could come together for a common goal and create such a profitable, capable environment. That partnership just happens to be when the Public-Private Partnerships were created by Law No. 11,079.