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Brazil invested $2.15 billion in ports in five months

Staff writer ▼ | April 8, 2016
In the last five months, the Secretariat of Ports of Brazil authorized investments in ports that reach up to BRL 7.93 billion ($2.15 billion), according to information released by the government.
Brazil port
LatAm trade   The Secretariat of Ports of Brazil authorized investments
The volume, concerning the period from October to February, amounted to 15% of the BRL 51.28 billion ($13.93 billion) estimated of investments for the sector until 2042.

This estimation for total investments includes biddings for the leasing of areas for terminals, new private use terminals, renewal of contracts and dredging works. The majority of these investments will come from the private sector – BRL 47 billion ($12.76 billion) –, with the remaining part – BRL 4.26 billion ($1.15 billion) – coming from the public sector.