CODESA PRIVATIZATION ADVANCES IN FEDERAL AUDIT COURT WITH TARIFF REDUCTION

The process that will culminate in the first privatization of Brazilian ports, by Companhia Docas do Espírito Santo (CODESA), advanced at the federal audit court (TCU), which needs to release the project so the federal government can publish the notice and carry out the auction. During the government’s negotiations with TCU’s technical area, the privatization plan was amended to include more tariff reductions. According to sources, the government reached a new value for the main tariff paid by the shipping companies, that of waterway access (called table 1) with a reduction of 37% compared to the initial proposal by the Ministry of Infrastructure – also lower than the amount paid today by companies. Currently, the estimate in table 1 is around R$ 1.7 per deadweight ton (TpB). The initial government spreadsheet foresaw the benchmark of R$1.24/TpB, which dropped to R$0.79/TpB after revisions carried out with the court’s technical unit. The amount of R$ 0.79 can still be adjusted upwards, due to a change in the tables that will exempt another tariff.

Sources: AE News/Agência Estado/Datamar News