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Regulator OKs 6 Brazil port projects under new regulation

Bnamericas Published: Monday, November 18, 2013

Brazil's national waterways regulator Antaq gave the greenlight to six new port projects totaling 344mn reais (US$151mn) in investment, a report by local financial daily Valor Econômico​ said.

The ports are the first to be approved under Brazil's reformed port regulation, with more to follow as part of a 50-port concession plan. New ports will be allowed to operate without a distinction between their own and third-party cargo.

The approved ports include the 100mn-real Porto Velho project in northern Roraima state. Upon completion Porto Velho is expected to handle 4Mt of grain per year.

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