Brazil schedules hearings for Rio port concession

Thursday, October 30, 2014

Brazil's waterways regulator Antaq launched a public consultancy phase to prepare a 25-year concession to operate a grains terminal at Rio de Janeiro port, according to an Antaq release.

The consultancy phase, which lasts until November 27, includes a main hearing scheduled for November 25 in the city of Rio de Janeiro, the release said.

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Works include building cargo handling and warehousing facilities at the port.

Interested companies and consortiums must have capital equivalent to at least 10% of the estimated contract.

Revenue throughout the concession is expected to be 379mn reais (US$154mn). Information regarding total investment was not disclosed.

The concession will be awarded to the bidder offering the highest grain handling capacity.