The Port of Santos was withdrawn from the National Privatization Program (PND), putting an end to discussions over privatizing Brazil’s largest port facility. The decision came about after talks with several sectors since the port already has a considerable private stake in its operations. The private sector may now concentrate its efforts on structural enhancements like urban transportation and dredging projects. The government will continue to administer the port authority but intends to foster public-private partnerships for projects like the Santos-Guarujá tunnel and dredging. In addition, a program called “Navega Simples” will be created to streamline port concessions and accelerate sector developments.
Source: Agência Estado (*Translated by Ia Niani)