Brazil Is Counting on US$ 20 Billion in Private Capital to Modernize Ports

Paranaguá port in Brazil The Brazilian government hopes the projects it is developing for improvement of Brazil’s main ports over the next five years should attract private sector investment of up to US$ 20 billion over the next 5 years, according to the special secretary for Ports (SEP) of the Presidency of the Republic, minister Pedro Brito.

He said that the works of the National Program for Dredging, which should allow for the docking of large vessels and the reduction of bureaucracy after implementation, in April, of the Paperless Port Program, should reduce the cost of freight, to be reflected in the prices of imported products and also products for export.

In coming years some 700 million reais (US$ 400 million) should be invested in ports in the seven Brazilian cities to host 2014 World Cup matches and the 2016 Olympics. The objective is to simplify the docking of transatlantic vessels in Rio de Janeiro, Fortaleza, Salvador, Santos, Recife, Natal and Manaus.

Brito pointed out that this investment is focused on sports events to be promoted in the country and includes logistics for reception of visitors. The new installations are also going to grant agility to cargo transport, generating an impact on the trade balance of Brazil, said the minister.

Rio de Janeiro should receive 300 million reais (US$ 172 million) of the total 700 million reais to be invested in the seven cities to receive matches.

The works should start being tendered this year and all should be concluded by 2012. The minister said that there should be a delay in the completion of the works in Rio de Janeiro, as three new piers will be built for the docking of large vessels.

ABr

Tags:

You May Also Like

Minister Resigns Over Bolivia’s Retreat on Brazilian Refineries Take Over

The Bolivian government has suspended plans to nationalize without compensation two large oil and ...

Brazilian Roberta Pereira Aims to Introduce Latin Audiences to Broadway

Growing up in Rio, Roberta Pereira became a fan of the theater after seeing ...

Brazil Has a Chance to Show Its Health Care Goods in the Middle East

Brazilian company Hospimetal, a maker of hospital equipment, made a series of contacts during ...

Brazil Produces 1.89 Million Vehicles and Becomes World’s 6th Car Maker

The Brazilian auto industry has become, in the first half of this year, the ...

Brazil’s Petrobras Creates Biofuel Division, a US$ 1.5 Billion Investment

Petrobras, Brazil's state-controlled oil multinational, plans to invest US$ 1.5 billion in the biofuel ...

After US and Germany, Brazilian Exporters Get Distribution Center in Portugal

The creation of a Distribution Center (CD) for Brazilian Products in Vialonga/Lisbon, Portugal, was ...

When the Muzzle Was King

Over a period of 10 years, starting December 13, 1968, Brazil lived under AI-5 ...

Brazil in New Dehli Readying the G-20 Troops

The Brazilian Minister of Foreign Relations, Celso Amorim, arrives today in New Delhi, India, ...

28 Castrated Boys Will Receive US$ 219 a Month from Brazilian Government

The families of boys castrated in Maranhão, in northeastern Brazil, will each receive a ...

US Wants to Discuss Prosperity with Brazil, says Snow

In a note released by Brazil’s Ministry of Finance, the United States Secretary of ...

WordPress database error: [Table './brazzil3_live/wp_wfHits' is marked as crashed and last (automatic?) repair failed]
SHOW FULL COLUMNS FROM `wp_wfHits`