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PMT aims to negotiate R$ 360 million debt with Setut to avoid contract terminationPhoto by falco on Pexels
Business

PMT aims to negotiate R$ 360 million debt with Setut to avoid contract termination

Portal O Dia14 September 2026 at 13:30

The Municipal Government of Teresina (PMT) intends to negotiate a debt of R$ 360 million with Setut to avoid contract termination. The objective is to find a solution that allows for the continuity of services without the need to terminate the existing agreements between the parties.

Mayor Sílvio Mendes stated that the municipality seeks to identify the amount it considers actually owed to public coffers. The municipal administration intends to discuss a discount, that is, a reduction in the total debt amount, before any agreements with Setut are finalized.

The negotiation takes place at a time of tension between the two parties, since the risk of contract termination loomed over the provision of services to the population. By choosing the path of negotiation instead of termination, PMT signals an interest in resolving the financial dispute in a friendly manner.

The negotiation process is still ongoing, and discussions should continue so that a consensus can be reached on the final amount to be paid and the conditions for settling the debt between the municipality and Setut.

Why this matters

The residents of Teresina are directly affected, as the outcome of this negotiation may impact the continuity and quality of public transportation services in the capital. The mayor's position of questioning the total debt amount and seeking a discount suggests that the city hall is attempting to reduce the financial impact on public coffers before a possible contract termination.

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