London: The Brazilian government plans to\u00a0allow private companies to lease 29 state-owned terminals at ports across the country, including Santos and in the northern state of Par\u00e1.<\/p>\n
Ports minister Edinho Ara\u00fajo told Reuters<\/em> the plan could attract up to BR4.9bn ($1.6bn) of private investment and increase port capacity by 47m tons.<\/p>\n The move comes in response to federal budget cuts announced on Friday that will curb public investment.<\/p>\n The leasing programme, however, is currently blocked by Brazil\u2019s federal accountability office, the Tribunal de Contas da Uni\u00e3o (TCU).<\/p>\n The government is meeting with potential investors while it waits for the TCU’s approval, Araujo told the newswire. A public hearing on concessions will be held early next month.<\/p>\n Already, investors from China and Europe\u00a0have expressed an interest in financing a BR16bn ($5.1bn) port and rail project for mineral and agricultural product exports from Par\u00e1 to the coastal city of Colares, reports say.The port investment alone is worth BR6bn ($1.91bn).<\/p>\n The 29 terminals to be leased, however, are a vast reduction on the 159 facilities that were mooted by Ara\u00fajo\u2019s predecessor in 2014.<\/p>\n Brazil has seen huge increases in its exports in recent years that are outpacing its port capacity.\u00a0Oil seed was Brazil\u2019s fastest growing export in 2014; export volumes have grown by 110.3% since 2010. Exports of cereals have grown by 70.7% over the same period.<\/p>\n <\/p>\n","protected":false},"excerpt":{"rendered":" London: The Brazilian government plans to\u00a0allow private companies to lease 29 state-owned terminals at ports across the country, including Santos and in the northern state of Par\u00e1. Ports minister Edinho Ara\u00fajo told Reuters the plan could attract up to BR4.9bn ($1.6bn) of private investment and increase port capacity by 47m tons. The move comes in …<\/p>\n","protected":false},"author":2,"featured_media":14479,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_ml_titleColor":"#000000","_ml_titleFont":"Roboto","_ml_titleFontSize":1.136,"_ml_titleFontWeight":"400","_ml_titleLineHeight":1.3,"_ml_metaColor":"#708090","_ml_metaFont":"Montserrat","_ml_metaFontSize":0.6785,"_ml_metaFontWeight":"400","_ml_metaLineHeight":0.92,"_ml_bodyColor":"#a9a9a9","_ml_bodyFont":"Open Sans","_ml_bodyFontSize":0.85,"_ml_bodyFontWeight":"400","_ml_bodyLineHeight":1.2,"_ml_wooPriceColor":"#666","_ml_wooPriceFont":"Open Sans","_ml_wooPriceFontSize":0.9,"_ml_wooPriceFontWeight":"400","_ml_wooPriceLineHeight":1.27,"_ml_headingColor":"#000","_ml_headingFont":"Merriweather","_ml_headingFontSize":2.02,"_ml_headingFontWeight":"700","_ml_headingLineHeight":1.47,"_mlglobal_userfontcolors":{"headingColorUser":[],"titleColorUser":[],"metaColorUser":[],"bodyColorUser":[],"wooPriceColorUser":[]},"_uag_custom_page_level_css":"","footnotes":""},"categories":[71,64],"tags":[224],"yoast_head":"\n