Private sector to invest R$ 324 million in Port of Itaqui expansion via tax-incentivized bonds

Since the waiver of prior authorization for the issuance of infrastructure and incentivized debentures, introduced in August 2024, the Ministry of Ports and Airports (MPor) has already received projects totaling R$3.33 billion using this type of financing. One of them involves expanding terminal capacity at the Port of Itaqui, in São Luís, with an estimated investment of R$324 million.

The initiative aims to boost the development of the ports and airports sector, attracting investment and improving the country’s logistics infrastructure.

In total, there are 11 projects across six Brazilian states: Bahia, Maranhão, Paraná, Rio de Janeiro, Santa Catarina, and São Paulo. Of these, two projects are for airport expansions, while the rest pertain to the port sector, such as construction and expansion of terminal capacity, warehouse expansion and refurbishment, equipment purchases, construction works, and concession fee payments, among others.

“Since we instituted our ordinance, the process has become faster, making it easier for companies wishing to invest in the sector through debentures to submit projects. What used to take six months for approval now takes only five days,” said Ports and Airports Minister Silvio Costa Filho, adding that this instrument also stimulates the capital market.

The waiver of prior authorization was established by MPor Ordinance 419/2024, which regulated Decree No. 11,964/2024 and outlined the criteria and conditions for issuing debentures in the ports and airports sector through the capital market.

Debentures are fixed-income securities issued by companies and individuals to finance infrastructure projects, offering tax benefits such as income tax exemption for individual investors.

Source: Blog do Estado

Sharing is caring!