Brazil’s u-turn on concession extensions

The Brazilian government has declared that it will not extend concession agreements signed by port terminals before the 1993 Modernisation of Ports Act in contradiction to a resolution passed by the National Waterway Transport Agency (Antaq) allowing such renewals.

Renewed concessions will now only be granted following an open tender.

Antaq did not automatically renew concessions, but did so if their feasibility could be proven and if they were in the public interest.