BRAZIL’S ANTAQ AWAITS DECISION ON COURT-ORDER DEBT IN GRANT CONTRACTS FOR THE INFRASTRUCTURE SECTOR

The director of Brazil’s national waterway agency Antaq, Eduardo Nery, said that it matters little to them whether the government will accept to receive court-order debt settlements as payment for concession grants in the infrastructure sector. “In fact, the most important thing would be to have a clear definition. [It is important to have] predictability,” said the Antaq director. The possibility of settling court-order debts as grant payment was created by Constitutional Amendment 113 of 2021 and regulated last year. According to Antaq’s director, the grant payment parameter interferes with the “economic-financial design” of the concessions, which currently “does not consider the use of debt settlement” in port sector tenders. He stated that the agency plans to put at least five terminals up for lease by mid-year.

Sources: Valor Econômico/Datamar News