State Investments: Bill Seeks R$ 113 Million for Logistics Improvements in TBG, Correios, CDP, and Infraero

A Bill Is Circulating in the Federal Chamber for Approval and Seeks to Secure New Investments for Four Brazilian State-Owned Companies. About R$ 113 Million Would Be Allocated to the Companies TBG, Correios, CDP, and Infraero.

Even amid privatization projects and the transfer of state assets to the national private market, a bill aimed at attracting improvements to four state-owned companies is circulating this Monday (10/24) in the Federal Chamber. The National Congress Bill (PLN) 33/22, from the Executive Power, provides investments of R$ 113 million for logistical and operational improvements for the state-owned companies TBG, Correios, CDP, and Infraero.

With the Bill, TBG Will Receive Investments of R$ 75.85 Million for the Acquisition of Necessary Inputs for Operations

The first company to benefit from the bill is the Brazilian Transporter Bolivian-Brazilian Gas Pipeline (TBG). According to the project, it will receive around R$ 75.8 million for the acquisition of necessary inputs for the continuity of operations. 

Although this amount was planned for the year 2021, it was postponed to 2022, as the prices of packaged gas were higher than expected for the budget.  

The Brazilian Transporter Bolivian-Brazilian Gas Pipeline S.A. is a privately held corporation based in the city of Rio de Janeiro. It is the owner and operator, in Brazilian territory, of the Bolivian-Brazilian Gas Pipeline.

R$ 33.46 Million in Investments for Fleet Renewal and Logistical Improvements is Planned for Correios

The current Executive bill also provides for the allocation of R$ 33.46 million in investments for the Brazilian Post and Telegraph Company (ECT). 

This amount will be allocated for the complete renewal of the company’s fleet, which currently has logistical problems, as most vehicles have already reached their useful life and need to be renewed. 

ECT is a federal public company responsible for executing the system of sending and delivering mail in Brazil, but it is not limited to just that activity: it carries out the distribution of parcels throughout the national territory.

The Ports of Santarém and Vila do Conde Will Receive R$ 3.5 Million in Investments for Infrastructure Works to Be Carried Out by CDP with This New Bill

The Pará Dock Company (CDP) will also receive investments from the bill currently circulating in the Federal Chamber. An amount of R$ 3.5 million will be applied to infrastructure improvements at the Ports of Santarém and Vila do Conde. 

Additionally, the amount will also be directed to conducting technical studies at the Port of Itaituba. 

The CDP oversees and commercially exploits the organized ports and other port facilities in Pará, in harmony with the plans and programs of the Special Secretariat of Ports of the Presidency of the Republic.

In addition to its statutory activities, the CDP also exercises control over the waterways of Eastern Amazon.

R$ 551.8 Thousand in Investments Will Be Directed to Infraero for Works at Macapá Airport

Finally, the bill provides for investments of R$ 551.8 thousand to the Brazilian Company of Airport Infrastructure (Infraero) for the execution of infrastructure works and renovations at Macapá Airport. 

Infraero is a national public company with nearly 50 years of experience, committed to people, safety, comfort, and quality service. It is currently among the three largest airport operators in the world and has contributed since 1973 to simplify and enhance the experience of customers, travelers, or business partners using airports throughout Brazil.