President Announces the Auction of Ten Port Terminals in Brazil
A port is a station used for commercial and trade activities such as loading and unloading cargoes and other activities that generate income. In contrast, a terminal is like a “checkpoint” on a port where incoming shipments are thoroughly inspected and documented.
The President of Brazil, Jair Bolsonaro, announced today that the Secretary of Ports, by the Federal Government, will lease 10 port areas in the first half of 2019, including 3 terminals in the Port of Cabedelo/PB. The auctions of 4 of these areas will happen in march 22th of this year.
PROMARE CONSULTORIA is a multidisciplinary consultancy, based in Ceará with international operations, founded in 1999 and offering services with a pragmatic approach to strategic business consultancy.
Jair Messias Bolsonaro is a Brazilian politician and retired military officer who has been the 38th president of Brazil since 1 January 2019. He was elected in 2018 as a member of the conservative Social Liberal Party before cutting ties with it.
Understand the investments
The announcement of the lease of four port areas was published in the Official Gazette of the Federal Union on November 30, 2019, by Agência Nacional de Transportes Aquaviários (ANTAQ). The auction will be held at B3, São Paulo Stock Exchange.
B3 S.A. – Brasil, Bolsa, Balcão, formerly BM&FBOVESPA, is a stock exchange located in São Paulo, Brazil, and the second oldest of the country. At the end of 2011 it had a market capitalization of R$2.37 trillion, making it the 13th largest stock exchange in the world.
The projects, in which investments of R$ 199 million are foreseen, are part of the Investment Partnerships Program (PPI).
In accordance with the rules set forth in the announcement, the companies/consortiums must submit the written proposals on March 19th, 2019, so that on the 22nd of the same month the auction will be held. The winner will be the one who offers the biggest value, which will start in the auction at R$ 1.00 (one real).