Brazil unveils ambitious port modernisation program
Brazilian government to invest up to 54.2 billion reais over the next four years to improve port infrastructure
The Brazilian government has this week announced that it will invest as much as 54.2 billion reais over the next four years to modernise the nation’s ports.
Brazil’s President Dilma Rousseff said that the investment will help the South American country achieve its goal of creating an “era of efficiency” at Brazil’s ports.
Under the proposals, a new regulatory framework will be introduced to help speed up leasing and environmental licensing processes and to help in the integration of all transport modes. Up to 2.6 billion reais will be used in the upgrade of routes leading to 18 of Brazil’s leading ports.
Brazilian port secretary Leonidas Cristino told reporters that the program will focus on “promoting the Brazilian economy's competitiveness and development”.
Cristino added that the plans will also involve the award of a number of concessions to both public and private enterprises. The Port of Imbituba, located in the southern state of Santa Catarina, is currently the only privately operated port in Brazil. However, the concession contract for the port expires at the end of this year.