Specialists discuss port sector auctions
With the auction of three new port terminals in August, with an estimated value of R$400 million, the Government intends to start the second half of the year with 13 auctioned areas, for a value of more than R$1 billion. The two auctions held in the first semester collected together almost R$700 million. To better explain this work, the Administrative Law Committee of OAB-RJ, with the support of FGV Transport, held the seminar “Novos desafios para a exploração dos portos” (“New challenges for the exploration of ports”) on June 3.
The event covered the details of this year’s auctions, with the participation of Diogo Piloni, National Secretary of Ports and Waterway Transportation, Mario Povia, Director General of ANTAQ, Rafael Véras de Freitas, professor at FGV and partner of LL Advogados, and Maria Eduarda Gouvêa Berto, Senior Advisor to the World Bank.
The attendants discussed the advantages of the pragmatic approach adopted by the Government in the port sector, which adjusted the bidding documents for two of the next areas to be tendered: STS20, in the Port of Santos (SP), and PAR01, in Paranaguá (PR). Last year, the auctions of these areas were canceled due to the lack of interested parties.
According to specialists, the problem was the “weighted average cost of capital” (WACC) of the port concessions. This index, which represents the cost of money to investors, was estimated by the companies at around 10%. The higher the risk and the greater the need to attract investment to a project, the higher the index percentage must be to attract investors.