MINISTRY OF INFRASTRUCTURE LIQUIDATES COMPANHIA DOCAS DO MARANHÃO

On September 9th, Companhia Docas do Maranhão (CODOMAR) definitively shut down after ten years of no port activities. The announcement was made at an extraordinary general meeting that paid off the company, ending two years of a liquidation process. The closing of the company will save the Brazilian government approximately R$ 8.4 million per year.

“The liquidation of CODOMAR was the last step to boost the port sector in Maranhão. The company had been idle for ten years, without the capacity to invest in improvements in the port sector, leaving the segment adrift”, declared Marcelo Sampaio, Executive Secretary of the Ministry of Infrastructure (MINFRA), who coordinated the company’s liquidation process. “From now on, we can structure a plan to attract the private investments that will be necessary to revitalize this industry in the state,” he said.

CODOMAR was inaugurated 46 years ago to explore the industrial and commercial potential of the ports and waterways of the state of Maranhão. In January 2018, the company was included in the National Privatization Program (PND), for dissolution purposes. The measure was to be carried out by the Ministry of Infrastructure, under the coordination of the Ministry of Economy, through the Secretariat for Coordination and Governance of State-Owned Companies.

Codomar’s assets and the ports managed by the company have been under the management of a state executive order since the year 2000, when an agreement was signed for the administration and management of Porto Organizado do Itaqui, in São Luís, MA; the São José de Ribamar Wharf, in São José de Ribamar, MA; the ferry boat terminals of Ponta da Espera, in São Luís, MA; and the Cujupe ferry boat in Alcântara, MA.

Source: Portos e Navios

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