Brazilian president calls for $26 billion in port investment

Ports

Friday, December 07, 2012

The Brazilian government on Thursday indicated it will invest $26 billion into its congested ports network to make them more efficient and maximize the country’s economic growth potential. Probably the most significant aspect of the announcement, made by President Dilma Rousseff, is that port licenses will be granted to the group that offers to charge the lowest handling cost for the greatest volume of cargo, rather than the company willing to pay the government the most for port r...

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