Faria defends privatization as Correios’ last chance for survival

Fábio Faria, Minister of Communications. Photo: Alan Santos / RP

Communications Minister Fábio Faria (PSD-RN) defended the privatization of Correios in a statement released on the national network on Monday evening (2). “This is the last opportunity to guarantee the survival of Correios,” said the minister. Faria said the company was the target of corruption and the state-owned company made a profit of R $ 1.5 billion in 2020.

“Even with a lot of hard work and seriousness, the income is insufficient for what needs to be invested each year. R $ 2.5 billion per year in investments is needed for Correios to remain competitive and to compete in the market with other delivery companies, logistics which already operate here in Brazil ”, he underlined.

For Faria, it is only with privatization that it will be possible to maintain the universalization of postal services in Correios. The Chamber of Deputies debates the proposal through Bill (PL) 591/21, which deals with the exploitation of postal services by the private sector. The urgency of dealing with the project has already been approved by the House. With information from Agência Brasil.

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