Brazil’s Lula administration is set to launch a historic wave of port concessions. Scheduled to begin in November, the plan includes 35 terminals with an investment forecast of R$11.085 billion for upgrades and new facilities. Among these, Itaguaí’s 249,000 m² terminal will handle iron ore, while Santos’ STS10 container terminal will ease congestion with R$3.507 billion in investments. Northern ports like Itaqui and Vila do Conde will see significant improvements as well. By 2026, an estimated 58 concessions will have been made, marking the highest number of port auctions in Brazil’s history, totaling around R$20 billion.
Source: Folha de S. Paulo / Datamar News
BRAZIL PLANS TO AUCTION 22 PORT TERMINALS BY 2025, TARGETING R$8.7 BILLION IN INVESTMENTS
Published On - 31 de October de 2024