Brazil Raises Over US$100mn in Port Auction
04.15.2019 - NEWS

April 15, 2019 [Bnamericas] – The Brazilian government raised 448mn reais (US$116mn) from the auction of six terminals in ports in northern Pará state. 

 

Five of the terminals are in Belém and one in Vila do Conde.

The one in Vila do Conde was won by the Terminal Químico de Aratu consortium, which agreed to pay 181mn reais to operate the terminal for 25 years, with a possible extension for up to 70 years. Estimated investment in the terminal over the life of the concession is 126mn reais.

The five terminals in Belém port – BEL 02A, BEL 02B, BEL 04, BEL 08 and BEL 09 – were acquired by consortiums Consórcio Latitude, paying 40.mn reais, Petróleo Sabbá (60mn reais), Ipiranga Produtos de Petróleo (87mn reais), Petrobras Distribuidora (50mn reais) and Transpetro (30mn reais), respectively.

Planned investment in the five is estimated at 304mn reais. All five are focused on the transport and storage of fuels.

“The auction has shown that the federal government is on the right track. We offered modern contracts, which generated legal certainty for the investor, who will now be committed to investing in Brazilian ports,” said national ports secretary Diogo Piloni.

The government of Jair Bolsonaro plans a series of concessions to attract private sector players in infrastructure given the country’s tight public finances.

 
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