58
SPOTLIGHT: SOUTH AMERICA
PRIVATISATION PL ANS There have been a number of interesting initiatives affecting South American ports in recent months, not least privatisation initiatives, which will introduce a new dynamic to ports in the region
B
razil’s government is moving ahead with plans to privatise South America’s largest seaport at Santos, with moves afoot to expand the surface area of the port in order to accommodate more greenfield areas, which can be used for new project development. The Brazilian government is keen to privatise the country’s ports so Santos is something of a trailblazer and expansion was needed because most of the port’s space was already occupied so new space was needed to accommodate development plans. A public consultation on how best to privatise the port of Santos has been held this year. The national waterways authority, ANTAQ, has said that the privatised operation will be for a 35-year period with potential to renew for a further five-year period and an initial grant of $250m will be available, with planned investment totalling $2bn over the term of the concession. ANTAQ recently approved a bidding process for Codesa, which oversees the ports of Barra do Riacho and Vitoria. The concession agreement will also be valid for 35 years and renewable for another five years, and it is expected to bring in $60m in private investments.
BULK TERMINALS
international | SPRING 2022
