BR RJ ST.PRIV.

closed

The Rio de Janeiro State Reform-Privatization Project's main objective is to support the state's privatization and concession program, and increase efficiency in the delivery of urban transport and utility services. During preparation, the aim has been to improve the quality of the design of the state's privatization and concession program and assist in its initial phase of implementation. The project itself will ensure that implementation is completed as planned. The components of the project are the following: 1) privatization of BANERJ SA and of BANERJ Insurance SA as well as liquidation of Banco do Estado do Rio de Janeiro SA and of its pension fund; 2) establishment of a new regulatory framework for the private provision of public services; 3) concession of the services of Rio's main urban transport agencies and divestiture of their non-operational assets; 4) privatization of the energy companies--the electricity company CERJ and the gas company CEG; 5) concession of water and sanitation services; and 6) satisfactory review of the 1997 fiscal performance.