Private sector concerns over Brazilian law changes

Existing concessionaires in Brazilian ports are alarmed by plans government to change current legislation governing the construction of private ports.

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At the moment, private-sector investors involved in port projects have to own more than half of all cargo being handled there under part of the so-called Antaq resolution, which was adopted in 2005.

However, there is concern that existing private terminal concessions would be put at a disadvantage by any change in legislation. In addition, stevedores are opposed to the measure, which they see as effective privatisation of port terminals.