Public Ports Received The Lowest Federal Government Investment Since 2003 In 2019, According To CNI

Written by Roberta Souza

Published on 20/10/2020 at 17:29

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According to a Survey by CNI, Investments in Ports Transferred by the Government Were Only R$ 59 Million

In a survey conducted by CNI – National Confederation of Industry, the Port Authorities, which currently manage the public ports, received from the government in 2019, an amount of only R$ 59 million. According to CNI, this represents 10.5% of the projection, which is the lowest value since 2003, and it also states that between the years 2000 and 2019, only 30% of what was promised was invested.

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The Port Authority, one of the companies on the list of future privatizations, received R$ 104 million in 2018, more than half of the investment made the following year by the government. This investment of only 30% of what was promised, according to CNI, corresponds to an unrealized investment of R$ 14.6 billion at present value.

Matheus de Castro, infrastructure specialist at CNI, said that “This lack of investment directly affects the country’s competitiveness and the productivity of companies. These numbers reinforce the need to accelerate the privatization of the Port Authorities, so that we can achieve the same gains that we had with the privatized airports.”

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Maria Fernanda Hijjar, partner at the Logistics and Supply Chain Institute (Ilos), said that “We can draw a parallel with the airport concessions. The gain in productivity was significant. From this perspective, I am optimistic about the privatizations of the Port Authorities,” when talking about investments in the Port Authority.

“The problem of lack of resources is historical and tends to worsen, due to the fiscal trap we are anticipating. And we must remember that the Port Authorities have always been targets of political patronage and accusations of embezzlement,” claims Claudio Frischtak, founder of Inter.B International Business Consultancy.

In a statement, the Ministry of Infrastructure claims significant difficulties with investments, “The low budget execution in the Port Authorities is a historical problem that has been exacerbated and arises from various factors, such as the deficiencies and excessive bureaucracy in the planning and budgetary and financial execution processes in the public sector. The Ministry of Infrastructure has been focusing efforts on promoting denationalization, which is already being developed for the organized ports of Vitória, Barra do Riacho, Santos, São Sebastião, and Itajaí.”

Public Ports Received The Lowest Federal Government Investment Since 2003 In 2019, According To CNI

According to a Survey by CNI, Investments in Ports Transferred by the Government Were Only R$ 59 Million

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According to a Survey by CNI, Investments in Ports Transferred by the Government Were Only R$ 59 Million

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