September 17, 2021 [BNAmericas] – Brazil will auction the STS08 and STS08A liquid bulk terminals at Santos port, South America’s busiest, on November 19, expecting investments of 1.05bn reais (US$201mn).
The tender for the 25-year contracts is the largest for port assets in Brazil’s history and will impact the national fuel distribution market. Both terminals are brownfield projects and the leasing is expected to generate over 16,000 jobs, the federal investment partnerships office (PPI) said in a press release.
Currently, both terminals are operated by Transpetro, a subsidiary of federal oil firm Petrobras. The government wants to reduce Petrobras’ influence to create competition and lower costs.
Santos’ liquid bulk capacity is limited, but demand is growing. Investments will be necessary to expand the terminals’ capacity, also adding a pier and two berths.
The 152,324m2 STS08 terminal is used for storage and distribution, especially fuels. Estimated investments are 265mn reais.
Meanwhile, STS08A covers 283,429m2 and has capacity to move and store liquid and gaseous bulk. Required investments during the contract period are 790mn reais.
Click Here to Access Today a 7,000 Tank Terminal Database With a Pro Trial
7,000 terminals as per the date of this article. Click on the button and register to get instant access to actionable tank storage industry data