Brazil to invest $25.8 bn to modernize ports

Brasilia: Brazil’s government Thursday unveiled plans to invest 54.2 billion reais ($25.8 billion) over the next four years to modernize the country’s ports.

The goal is to establish “an era of efficiency for Brazilian ports”, President Dilma Rousseff said here during a ceremony in which a minute of silence was observed for famed architect Oscar Niemeyer, who died Wednesday.

The plan includes the creation of a new regulatory framework to eliminate barriers to projects and speed up leasing and environmental licensing processes, as well as the logistical integration of transportation modes.

Under the program, 2.6 billion reais ($1.23 billion) will be allocated to investment in access routes to Brazil’s 18 leading public ports.

Ports Secretary Leonidas Cristino said the program is focused on “promoting the Brazilian economy’s competitiveness and development”.

He said the plan will involve awarding new port concessions to public and private enterprises.

At present, Brazil’s only privately run port is Imbituba in the southern state of Santa Catarina and that concession contract expires this year, according to the G1 news portal.

Brazilian ports are essential transportation infrastructure, handling 95 percent of the country’s exports.


Image Credits: Transfer-Lbc

The opinions, beliefs and viewpoints expressed by authors, news service providers on this page do not necessarily reflect the opinions, beliefs and viewpoints of Hill Post. Any views or opinions are not intended to malign any religion, ethnic group, club, organization, company, or individual. Hill Post makes no representations as to the accuracy or completeness of any information on this site page.

Leave a comment

Your email address will not be published.

This site uses Akismet to reduce spam. Learn how your comment data is processed.