International | December 2012
Brazil plans $25.8 billion investment in port sector
Over the next four years, Brazil's government plans to upgrade its port infrastructure with an investment of 54.2 bn reals ($25.8 bn). The plan involves awarding new port concessions to public and private enterprises. At present, Brazil 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. Recently, the countryPresident, Dilma Rousseff remarked that the goal was to establish an era of efficiency for Brazilian ports. The plan includes 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 bn reals ($1.23 billion) will be allocated to investment in access routes to Brazil 18 leading public ports.