BNDES receives seven proposals for technical advice on privatization of Santos and São Sebastião

This week, the National Bank for Economic and Social Development (BNDES) received seven proposals from different companies to act as technical advisers for the privatization/divestment project at the ports of Santos (SP) and São Sebastião (SP). In early May, the bank had signed a contract with the Ministry of Infrastructure to carry out studies for new port management and development models. The results of the studies are expected to be released in the first quarter of 2021. The auction is expected to take place in 2022.

The expectation is that privatization of port management will generate a greater flow of investments and more dynamism in port activity, in addition to the modernization and improvement of service levels, increased efficiency, more competitiveness (internal and external), and incorporating best international practices.  When signing the contract with the BNDES, the bank was responsible not only for the studies and for the modeling of the privatization of port development, but also for holding public hearings and the auction, until the contract is signed between the public sector and the chosen private partner.

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