By Lise Alves, Senior Contributing Reporter
RIO DE JANEIRO, BRAZIL – Six port terminals in the Northern Brazilian state of Pará were auctioned off on Friday for US$115.9 million, including terminals in the busy port of Belém. According to government officials another US$108.7 million will be invested in these terminals.
"(The auction) exceeded expectations,” said Brazil’s Infrastructure Minister, Tarcisio Gomes de Freitas after the auction.
“Our focus is logistics, is to bring investments, reduce the ‘Cost Brazil’," said the minister. "Added to the other R$219 million of the last auction that is are almost . . .
To read the full NEWS and much more, Subscribe to our Premium Membership Plan. Already Subscribed? Login Here