The Brazilian government recently auctioned key port areas in Pernambuco, Rio Grande do Sul, and Rio de Janeiro, marking the first port lease event of the year. Despite initial low interest, the auction attracted vigorous bidding, with leases including areas for bulk goods like corn and rice.
The auction, originally planned for May, was rescheduled and took place under favorable conditions. In Recife, companies secured areas for handling vegetable bulk solids, with investments projected to reach millions of reais. In Rio Grande and Rio de Janeiro, other companies won leases for managing general cargo, committing to significant investments.
Strategic Port Leases Propel Brazilian Infrastructure Forward
Minister of Ports and Airports, Silvio Costa Filho, announced more upcoming auctions, including the ITG02 area in Rio de Janeiro crucial for iron ore export and the STS10 area in Santos port to boost competitiveness until 2050. These port leases signify Brazil’s commitment to infrastructure and economic growth.
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