May 16, 2021

Brazil raises 116 million dollars in the concession of port terminals in the Amazon

Brazil raises 116 million dollars in the concession of port terminals in the Amazon

The Brazilian government raised 447.6 million reais (about 115.9 million dollars) with the concession of six port terminals in the Amazonian state of Pará, after an auction held on Friday in the Sao Paulo stock exchange.

The contested terminals are located in the ports of Belém, capital of Pará, and Vila do Conde, in the neighboring municipality of Barcarena, and are used for the storage and transportation of fuels.

The companies that won the concession were Consorcio Latitude, Petróleo Sabbá, Ipiranga, Petrobras Distribuidora and Transpetro, which will operate the five terminals auctioned in the port of Belém, and Tequimar, in Vila do Conde, the highest value with 180, 5 million reais (about 46.7 million dollars).

It is expected that the winning companies of the auction, which were awarded contracts that go between fifteen and twenty years can be renewed with a maximum limit of seventy years, invest 420 million reais (about 108.8 million dollars) for improvements.

"The result today was sensational, at each auction we exceeded the expectation," Tarcisio Gomes de Freitas, Minister of Infrastructure, told a press conference at the end of the auction.

According to the minister, the concession "is going to boost the port sector and everything is reflected in the logistics of the country, because it will also promote other economic activities."

The largest of the terminals was awarded for the next twenty years to Petrobras Distribuidora, a subsidiary of state-owned Petrobras, which already operated the auctioned area of ​​50,700 square meters, with a storage capacity of 49,821 tons.

The leader in the Brazilian market for the distribution of fuels and lubricants celebrated the award and said in a statement that the investments in the terminal will be destined "mainly to systems of reception and exit of products from the dock and in the extension" of the same for " increase in logistics efficiency ".

The Government is preparing the tender for other terminals in the Port of Santos, the largest in Brazil, and in Paranaguá, in the state of Paraná (south) and considered as the main one for the agricultural sector.

This Friday was the second auction of concessions in the port sector in less than a month in Brazil, after the March 22 and in which the Government raised about sixty million dollars with four terminals in the states of Espírito Santo (southeast) and Paraíba (northeast).

Brazilian President Jair Bolsonaro, since his election campaign that led him to take office on January 1, has been emphatic in defending a privatization policy, in which ports and airports are his main focus.


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