The Port of Santos is currently experiencing a billion-dollar investment phase. Altogether, according to the Santos Port Authority (SPA), the ongoing works in public and private terminals amount to R$ 2.6 billion. At short notice, the expectation is an increase of R$ 1.4 billion, considering the two new cellulose terminals recently purchased by Eldorado and Bracell – which will also invest R$ 380 million – and the open auctioning of two areas for fuels, scheduled for 2021, with investments in works forecast to reach R$ 1 billion. Current investments are the result of bids and agreement renewals carried out in the last five years. In addition, an amount of R$ 700 million is from a cellulose project in the private terminal of DP World, with Suzano. For Fernando Biral, the president of the Santos Port Authority, the current investment phase is due to the long-term planning of the port, launched in 2019, and established in 2020, with the Development and Zoning Plan (PDZ), which had not gone through a review for 14 years.
Sources: Valor / Portos e Navios
*Translated by Ia Niani