The Brazilian government is advancing its plan to privatize several ports and terminals, aiming to auction off 22 port concessions by the end of next year, including three before the end of 2024.
This initiative is part of a broader strategy of the Brazilian government aiming to enhance efficiency and attract private investment in the sector. Overall, the government has set a goal to privatize at least 35 Brazilian port terminals.
Among the major assets that Brazil is expected to put on sale are a new terminal in Itaguaí and a box terminal at the port of Santos.
President Lula’s administration is focusing on modernizing port infrastructure and operations to boost Brazil’s competitiveness in international trade. The upcoming auctions are expected to generate significant revenue and improve service quality through increased private-sector involvement.
The government is optimistic that this move will stimulate economic growth and create jobs in the logistics and transportation sectors. Stakeholders are closely monitoring the developments as the auctions approach, with various companies expressing interest in participating in this transformative plan.
