LatinNews Daily - 21 September 2022

In brief: Brazil advances on privatisation of Latam’s largest port

*Brazil’s government led by President Jair Bolsonaro has approved the rules of the auction process for the privatisation of Santos Port in São Paulo state, the largest port in Latin America, which moved a record 147m tonnes of cargo in 2021. These rules had already been approved by the Agência Nacional de Transportes Aquaviários (Antaq), Brazil’s national waterway regulator. On 20 September, they were sanctioned by the Conselho do Programa de Parceria de Investimentos (CPPI), an entity linked to the economy ministry that is leading the government’s privatisation programme. The minimum fee for the tender was set at R$3.015bn (US$587m). The concession will be valid for 35 years, with the possibility of an extension for an extra five years. According to Antaq, it will represent a total of US$6bn in investments in infrastructure in the region, including a submerged tunnel to link the coastal cities of Santos and Guarujá, both in São Paulo state.

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