The content has been shared, if you want to share this content with other users click here.
Brazil may have to develop a new port concessions model if federal audit court TCU does not approve studies for the current one soon.
That's according to Brazilian transport minister César Borges, who spoke this week at the FIDIC International Infrastructure Conference, held in Rio de Janeiro.
The current model has been under evaluation by the court since October 2013.
Borges said: "I hope TCU approves the studies as quickly as possible. If so, tenders will be launched. If not, we can work on a Plan B ... Brazil has already lost one year."
As initial plans by special ports department SEP call for block one concession tenders in 29 areas throughout Santos Port and the state of Pará, billions of reais in investment have already been prepared in the hopes of TCU granting approval, according to a federal government release.
"We [SEP and national waterways regulator Antaq] are currently analyzing 22 requests involving billions in investment to update Brazilian ports," Borges said in the release.
BNamericas will host its 5th South America Infrastructure Summit in Colombia on October 22-23.