Message from the CEO
2016 was a challenging year for Odebrecht TransPort. The effects of the events occurring in this period will be felt for years to come. Brazil experienced some of the worst political instability in its history, following its second presidential impeachment. The economic contraction that began in 2015 worsened, with inflation and interest rates rising amidst a credit crunch.
We dedicated more resources to strengthen our compliance system and governance faster, not because we were required to, but because of our belief in ethics, integrity and transparency. The new Compliance Policy and the resulting instructions and directives provide guidelines on how team members should conduct themselves both inside and outside the company. These guidelines also provide practices for engaging with the public sector, in order to make our activities more secure and transparent. We are striving to make sure these rules and regulations are followed by all on a daily basis, regardless of hierarchal level and position held.
We have created the position of Chief Compliance Officer, answering directly to the Compliance Committee, coordinated by an independent director from the Board of Directors. We have structured processes and controls, coached team members and mapped out our business risks. These measures are used to prevent any possible cases of misconduct from happening. Should they fail, we have better tools to quickly detect and correct such misconduct.
Despite the setbacks and the credit squeeze, we maintained our commitment to strategically invest in Brazil. A prime example is the 2016 Olympic Games hosted by Rio de Janeiro. RIOgaleão, in charge of the Tom Jobim International Airport, was the official airport for delegations, authorities and visitors. To achieve this, it delivered on time all the necessary facilities in a R$ 2 billion investment, and managed an operation that saw 1.5 million passengers travel through the airport without incident. SuperVia opened six Olympic stations with international-standard accessibility and VLT Carioca began operating a new green form of transportation, the Light Rail Vehicle.
Rota do Oeste delivered 117 kilometers of dual carriageway to permit the safer transportation of grain bulk from Mato Grosso state. In 2016, the highway concessions processed a total of 38 thousand mechanical assistances and 7 thousand clinical assistances.
Directly impacted by Brazil's economic slowdown, port terminals maintained the quality of the services provided. Embraport had the highest productivity at Santos Port, in São Paulo state. Construction was completed of the sugar terminal at Suape Port, in Pernambuco state, and storage services commenced.
We maintained our social investments, changing the lives of 85 thousand people. These initiatives brought about real changes to peoples lives, such as increasing the primary education development index (IDEB) in Pernambuco municipalities where Via Escola is present, a continued education program for teachers and students.
With determination and ready for renewal, Odebrecht TransPort is embarking upon a new phase of restructuring. The company has made a commitment that its operations will continue generating benefits for society, shareholders, clients, users and employees.
Amidst constant change, our daily delivery of services remains unabated as does our incessant pursuit of improvement. With the support of our Knowledgeable Personnel, with diverse qualifications and experience, we proceed towards a new chapter of our history.
“The company has made a commitment that its operations will continue generating benefits for society, shareholders, clients, users and employees.”