BRAZIL SAYS TECON SANTOS 10 AUCTION SET FOR FIRST HALF OF MARCH

The Ministry of Ports and Airports (MPor) expects to auction Tecon Santos 10 in early March, after approval from Brazil’s Federal Court of Accounts. A January roadshow with embassies and companies will precede the tender publication. The project foresees R$6.4 billion in investments, expanding the Port of Santos’ container-handling capacity by 50% and creating 2,500 direct and 5,000 indirect jobs. The 621,000 m² terminal will handle containers and general cargo, raising the port’s capacity to 9 million units per year. The auction will feature a new concession-fee model with a minimum bid to balance competitiveness and government revenue. The 25-year concession will go to the bidder offering the highest fee, and authorities expect broad domestic and international participation in what could be the port sector’s most competitive auction.
Source: Ministério dos Portos e Aeroportos / Datamar News