Minister of Infrastructure, said, on June 30th, that the government should send the required studies and the legal notice for the privatization of the Port of Santos to the Federal Cort of Accounts (TCU) by the end of July. What will be privatized is the management of the port, currently under the charge of Santos Port Authority, formerly known as Companhia Docas de São Paulo (Codesp). The terminals located in the Port of Santos, where operators handle cargo, are already private. The minister expects the court to approve the draft within 60 to 70 days, giving the National Waterway Transportation Agency (Antaq) enough time to publish the final notice and hold the auction by the end of the year. Such a process is being conducted at a shorter term than usual, typically 90 to 100 days. The Port of Santos auction is the most awaited by players in the port sector. It is the largest in Latin America.
Source: G1/Datamar News