Port of Vitoria inks first post-privatization contract

The Port of Vitoria signed its first post-privatization contract with a 5.5 years-term with the company TechnipFMC for the Base of Vitoria (BAVIT). The deal was inked shortly after three months after Quadra Capital, represented by FIP Shelf 119 Multiestratégia, took over the management of the port after being awarded the contract in a tender at the beginning of the year.

The contract foresees, besides the negotiation of the aforementioned area, a twofold increase in the site’s production capacity, reinforcing the potential of the Port of Vitoria to support the oil and gas industry.

According to the port’s statement, the contract should bring about developments that will benefit the port and surrounding communities, as well as contribute to the consolidation of Espirito Santo state as a competitive logistics base in the offshore support segment.

According to Ilson Hulle, president of the Port of Vitoria, this contract will increase economic activity in the Vitória Center region and consolidate the presence of the multinational TechnipFMC, which operates in the oil and gas sector, in the state.

“This fact that we disclosed to the market today is fundamental not only for the privatization process but for the entire port sector because it ends up affecting it entirely, as it is the first private contract made within the scope of a private port authority. This paves the way for a hopeful future in which we can sign new contracts,” Ilson said.

Source: A Gazeta

To read the full original article, please access: https://www.agazeta.com.br/es/economia/porto-de-vitoria-anuncia-primeiro-contrato-apos-a-privatizacao-1222

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