Brazilian authorities are poised to announced the auction of seven additional port terminal licences, according to Reuters citing Brazilian newspaper Valor Economico.
The government is licensing ports as part of a privatisation policy.
Among the licences to be auctioned are five for terminals at two ports in the country’s northeast – Paraiba and Pernambuco.
There will also be two terminals licensed at the country’s major port of Santos in Sao Paulo.
It was already expected that 11 terminal licences would be auctioned later in the year.
The privatization plan is intended to have the benefits of improving efficiency at the ports by decentralizing decision-making to local port authorities and of bringing in increased investment.