The Federal Court of Accounts (TCU) approved yesterday (Feb 15) the continuation of the privatization processes of the ports of São Sebastião and Itajaí. However, the Ministry of Ports and Airports has not detailed whether it will proceed with the concession projects of these port authorities to the private sector. In the case of the port located north of Sao Paulo, as the cargo vocation is still unknown, the concession model foresaw the investment plan would be set post-contract signature. The project foresaw that the winning company would invest around BRL 3.2 million in a 25-year contract. The tender notice for the Sao Sebastio tender stipulated that the equivalent of nine times the value of the grant defined in the auction and a variable contribution would be deposited in the account.
Sources: A Tribuna/Datamar News