In Brazil, a report by the National Agency for Waterway Transportation (Antaq) reveals that since the implementation of the Ports Law in 2013, 17 private port terminals that received government approval have never been constructed. This lack of development is significant as it has resulted in an estimated R$ 36.8 billion in investments that failed to materialize, which could have created over 533,000 jobs in the country. The stagnation in the construction of these terminals highlights a broader issue within the sector, revealing systemic barriers that hinder investment and growth.

The government is aware of the implications of this situation and is currently considering regulatory changes aimed at revitalizing the sector. The Ministry of Ports and Airports is looking into ways to reassess the affected areas and determine new opportunities for different investors. The urgency behind these changes is compounded by the fact that vast tracts of land, amounting to 48.3 million square meters, remain blocked and unproductive due to the original authorizations, and require a strategic plan for future allocation.

This regulatory review is crucial not only for unlocking the economic potential of these areas but also for attracting new players into the market. With the Brazilian coastline and major rivers offering significant logistical advantages, there is a pressing need to re-evaluate existing frameworks to facilitate development. The government's proactive approach suggests a recognition of the potential for private ports to contribute substantially to Brazil's economy, but action is needed to overcome the existing hurdles that have stunted progress since the law was enacted.