Brazilian President Dilma Rousseff is set to announce a port improvement program to attract about 55 billion reais ($26 billion) of investment by 2030 and will offer licenses for three terminals next year, according to two government officials familiar with the plan.
The plan, which will affect 20 ports, will increase capacity and reduce costs, said the people, who asked not to be named because Rousseff will announce the program publicly today. The government will offer contracts to operate ports in Ilheus, Manaus and Imbituba in 2013, they said.
The license to operate Imbituba’s port, currently held by Royal Transportes e Servicos Ltda, will not be renewed and will be subject to a new round of public bidding, the people said.
Port operators whose licenses have expired or are about to expire will be offered an option to renew the contracts if they agree to meet investment requirements and open up to third-party cargo, according to the officials.