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Brazil’s Santos port to remain public-owned says Minister

Brazil Minister of Ports and Airports, Silvio Costa Filho, said earlier this week that the port of Santos will remain public but emphasised that there is potential for private sector partnerships.

Michele Labrut, Americas Correspondent

September 21, 2023

1 Min Read
SILVIO COSTA FILHO
Photo: Creative Commons-Share Alike 4.0 International

“We will not privatise the port of Santos, and we will also expand the dialogue with the entire productive sector of São Paulo,” the Minister said in an interview with CNN Brasil.

“The Port of Santos being public does not repeal the possibility of public-private partnerships (PPPs) that can be developed internally. This is the direction we want to work towards. The port doesn’t need to be privatised for us to have privatisations,” he added.

Last week, Costa Filho stated that the port has nearly $620 million (BRL 3 billion) in cash and will lead the largest project of the New Growth Acceleration Programme (Novo PAC), the construction of the Santos-Guarujá tunnel. The New Growth Acceleration Programme (PAC) will have private investment as its flagship.

Costa Filho assumed the Ministry of Ports and Airports last week amid a ministerial reshuffle by President Luiz Inácio Lula da Silva.

 

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About the Author

Michele Labrut

Americas Correspondent

Michèle Labrut is a long-time Panama resident, a journalist and correspondent, and has continuously covered the maritime sector of Central & Latin America.

Michèle first came to Panama as a press attaché to the French Embassy and then returned to the isthmus as a foreign correspondent in the 1980s.

Author of Seatrade Maritime's annual Panama Maritime Review magazine and of several books, Michèle also wrote for Time magazine, The Miami Herald, NBC News and the Economist Intelligence Unit. She has also collaborated in making several documentaries for the BBC and European and U.S. television networks.

Michèle's profession necessitates a profound knowledge of the country, but her acumen is not from necessity alone, but a genuine passion for Panama.

In 2012 she was awarded the Order of Merit (Knight grade) by the French Government for her services to international journalism and in 2021 the upgrade to Chevalier grade.

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