Investment plummets in Brazilian ports

Investment in publicly-owned Brazilian ports reached a 14-year low in 2017, when just $52.66m was spent, notes the Confederação Nacional da Indústria, or the Brazilian National Confederation of Industry (CNI). The amount represents just 26% of investment amounts authorised by the various dock companies.

CNI emphasises that the so-called “companhias docas” are beset by “serious company management and port politics problems”. At the same time, the organisation concedes that, since the introduction of port reform in 1993, there is evidence of “significant improvements in the efficiency of the expansion of the [ports] network”.

Despite this, there is still evidence to suggest that there is still a lag that impacts negatively on competitiveness and costs, while investments are few and far between. According to CNI, the only viable solution for this is the privatisation of the port companies, as part of a similar process that has already taken place in Brazil in the airports sector.