Port Auction In Brazil Generates Over R$ 400 Million In Grants

Written by Flavia Marinho

Published on 08/04/2019 at 01:00

Updated on 08/04/2019 at 08:36

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The Government Expects R$ 420 Million to Be Invested in Ports in Pará, Where an Auction for Leasing Six Port Terminals Took Place Aiming Primarily at Fuel and Liquid Bulk Transportation.

The established rules were that the minimum granting amount started at R$ 1.00 and ended up totaling R$ 447.64 million raised with the granting. The auction was held at B3, the São Paulo Stock Exchange, with several companies interested in the terminals, and concluded in less than 2 hours. The contracts have terms of 15 to 25 years, which can be renewed up to a total of 70 years.

With a bid of R$ 40 million, the first block was acquired by the Latitude consortium, composed of Ipiranga and Petróleo Sabbá. With an area of over 46,000 m2 designated BEL02A, the terminal’s physical storage structure is nearly 42,000 tons, and it is anticipated that around R$ 48.3 million will be invested over the next 15 years of leasing.

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Port Auction In Brazil Generates Over R$ 400 Million In Grants

The Government Expects R$ 420 Million to Be Invested in Ports in Pará, Where an Auction for Leasing Six Port Terminals Took Place Aiming Primarily at Fuel and Liquid Bulk Transportation.

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Australia installs giant concrete structures on the seabed 800 meters from the shore to create an ocean intake for desalination that will draw in saltwater and produce 30 million liters of drinking water per day.

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