The Brazilian Minister of Infrastructure, Marcelo Sampaio, signed the purchase and sale agreement of Companhia Docas do Espírito Santo (Codesa), the port authority responsible for the Port of Vitoria.
During the ceremony, the minister highlighted that this is the first privatization finalized by the ministry and said that the numbers only tend to increase.
“This is the first privatization in the ministry’s history. We believe in the private sector’s power. This new Port of Vitoria will be a model of efficiency for Brazil and the rest of the world. Today is a momentous day, ” he stated.
With privatization, cargo throughput is set to increase by 65%, reaching 14 million tonnes per year.
Codesa was auctioned off for BRL 106 million in March. The winner of the tender, which will manage the ports of Vitoria and Barra do Riacho for 35 years, was FIP Shelf 119 – Multiestratégia. Disputed by two companies, the event had four dozen bids and reached a grant of R$ 106 million.
With the privatization, Codesa ceases to be a public company after the payment of R$ 326 million for its shares. The new company becomes the concession-holder of the two ports after the green light of the National Waterway Transportation Agency (Antaq).
Source: Folha Vitória
