BNDES kicks off Codesa privatization
Brazilian development bank BNDES kicked off the privatization process of Espírito Santo state port authority Codesa.
The bank published a notice to contract technical consultants specialized in the port sector to carry out the necessary studies.
BNDES oversees the privatization modeling proposal together with the infrastructure ministry's investment partnerships program (PPI) and "guarantees the adequacy and technical robustness in the formation of an adequate model which results in counterparts for the state, modernization of the sector and benefits for users and population."
The operation is part of the strategy of President Jair Bolsonaro to privatize various state companies.
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