ANTAQ BEGINS PRIVATIZATION PROCESS FOR PORTS OF VITÓRIA AND BARRA DO RIACHO (ES)

On December 28th, ANTAQ (the national waterway transport agency), opened a public consultation for the concession process of the Ports of Vitória and Barra do Riacho, under the current management of Companhia Docas do Espírito Santo (CODESA). The project will be a pioneer in the transfer of activities performed by a dock company to private partners and is part of the company’s privatization process – the first of its kind in Brazil. In the concession proposal, the object of the contract will mainly cover the performance of the port administration functions and the indirect operation of the port facilities. In order to preserve competition within the ports, the concessionaire will not be able to act directly on cargo handling. The concession model, developed by the BNDES, provides for mandatory investments of at least R$ 1.6 billion over its term, including R$ 63 million in infrastructure recovery, R$ 530 million in operation and maintenance, R$ 772 million in maintenance dredging at the ports of Vitória and Barra do Riacho, and R$ 290 million in improvements in land access to the port. Other investments may be made in partnership with those interested in exploring areas available for cargo handling and terminal implantation. The project foresees a 35-year concession of the organized ports.

Source: Datamar News