Brazilian Minister Leads Talk to Spark Private Interest in Ports

In a bid to attract new investors to Brazil’s port sector, the Minister of Ports and Airports, Silvio Costa Filho, met with the president of the São Paulo State Federation of Industries (Fiesp), Josué Gomes, on Monday (5). The meeting, held in São Paulo, saw Costa Filho outline the Federal Government’s investment plan, which encompasses a budget of R$ 78.5 billion until 2026. Anderson Pomini, President of the Port Authority of Santos (APS), also attended the meeting.

According to the minister, leading a discussion about the government’s Ports Investment Plan (PAC Portos) at the headquarters of the Federation helps to engage the national and international industry sectors.

Costa Filho went into further detail about the more than 35 auctions of infrastructure assets scheduled to take place on the Brazilian Stock Exchange, B3. Among the projects presented to investors by Costa Filho are leases and concessions. In this sector, leases entail contractual agreements with private partners for the operation of port facilities, including tourist operations, cargo handling, and storage activities.

The Ministry of Ports and Airports asserts that new leases will enhance operational efficiency in the sector and reduce costs for users.

For the year 2024, the ministry plans to conduct 16 auctions for port leases, totaling R$ 7.9 billion in new investments in Brazil’s public ports. The first auction in the sector is slated to be launched in March, encompassing four port terminals in Recife, Pernambuco.

Two more rounds of auctions are scheduled in 2024, covering areas in eight ports from North to South of the country. The concession project for the Paranaguá Access Canal is in the final stages of public hearing. The concession has a lifespan of 25 years, with the possibility of extension. Investments total around R$ 1 billion, with the auction set for the first semester of 2025.

Source: A Tribuna

Click here to read the original report: https://www.atribuna.com.br/noticias/portomar/ministro-quer-atrair-investidores-para-o-setor-portuario

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