PORT OF SANTOS PRIVATIZATION LEFT FOR 2023 PER COURT AUDIT REQUEST

Three ministers of the Federal Court of Audits TCU asked to reevaluate the process of privatization of the administration of the Port of Santos. The topic should be put back into the discussion in 45 days. Yet, the rapporteur, Minister Bruno Dantas, suggested giving preference to privatizing other smaller ports before the Santos. Ministers Walton Alencar, Benjamin Zymler, and Vital do Rêgo stressed that there are points pending clarification. Among them is whether it is actually necessary to privatize the Santos Port Authority, which has been profitable recently. Other topics revolve around sound competition and the construction of a tunnel connecting the two banks of the maritime complex. The current model suggests transferring the port authority control over to the private sector and concession of the port structures for 35 years.

Sources: A Tribuna/Datamar News