Brazil Launches $3 Billion Port Privatization Initiative

The Brazilian government has unveiled an ambitious plan to privatize its port sector, aiming to attract approximately $3 billion in private investments to modernize and upgrade the nation’s ports.

The initiative includes over 50 projects, with plans to auction 35 port terminals. Of these, 22 auctions are set to occur by the end of 2025, and three are scheduled for December 2024.

Among the major developments, five leases are tied to the Port of Santos, Brazil's largest port. Additionally, concessions will be offered for three terminals and the port's navigation channel. One terminal, ITG 02 in Itaguaí, is set to go to auction this month.

To entice investors, the government is offering competitive credit lines, tax incentives, and a streamlined regulatory process, which has reduced paperwork time by three months. The Merchant Marine Fund is also allocating 30% of its budget to support this privatization effort.

Through these measures, Brazil aims to enhance its port infrastructure, strengthen its trade capabilities, and improve its global competitiveness.