Antaq approves contribution requirements for Port of Itajaí concession

Brazil’s waterway regulator Antaq has approved the analysis of contributions related to the bidding for the concession of the Port of Itajaí (SC), with investments of R$2.8bn (US$530m) to be made across a 35-year contract.

The concession will allow the future concessionaire to manage the port and operate containers, providing services directly to port users (shippers, exporters and importers).

The planned investments to adapt the infrastructure amount to approximately R$2.8bn (US$530m), which should be made over the duration of the contract – 35 years, renewable up to a limit of 70 years, at the discretion of the Ministry of Infrastructure.