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.

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.

On the same day, the auction for 5 more blocks took place, where the second block, named BEL 02B, was acquired by the company Petróleo Sabbá/Socopa Corretora Paulista, which offered a granting amount of over R$ 60 million.

The third block, “Bel 04”, was acquired by Ipiranga with a bid of R$ 87.121 million, the fourth “BEL 08” by Petrobras Distribuidora with over R$ 50 million, the fifth “BEL 09” by Transpetro, and the last one by Terminal Química de Aratu (Tequimar) with a bid of R$ 180.5 million.

In less than 30 days, this is the second port auction, with a projected investment of R$ 199 million; the government raised R$ 219.52 million. The government auctioned 4 port areas, one in Espírito Santo and three in Paraíba.

The upcoming auctions do not have a set date yet, but they are already being analyzed by the government. The expectation is that the notice for three more terminals will be released, two in the Port of Santos in São Paulo, and another in the Port of Paranaguá in Paraná. The projected investment is approximately over R$ 400 million.