Santos and Paranaguá Port Area Concessions Awarded for R$148.5 Million

RIO DE JANEIRO, BRAZIL – On Tuesday, August 13th, R$148.5 million (US$37.1 million) in concessions was collected in the auction of three areas in the ports of Santos and Paranaguá. The bidding took place at the B3 stock exchange.

The first area was won for R$112.5 million by Hidrovias do Brasil. The company was granted the 25-year rights to three warehouses connected by conveyor belts to the wharf, totaling 29,300 square meters for the transfer of salt and fertilizers. The federal government expects the new concessionaire to raise investments of approximately R$219.3 million.

The in-person dispute was fierce, with several bidders. Hidrovias do Brasil’s initial proposal had been R$65 million but was increased to compete with new bids made by Aba Infraestrutura and Consórcio TRH, which also took part in the auction. TRH’s last bid was R$112 million, and Hidrovias do Brasil was the winner with a R$500,000 higher bid.

The second area in Santos was auctioned to Aba Infraestrutura for R$35 million. The other competitor, Empresa Brasileira de Terminais, was disqualified for having several other assets in the same section of the port. As a result, Aba’s bid was the only one deemed valid. The 38,400 square meter area is used for handling liquids such as chemicals, ethanol and oil derivatives. The government expects R$110.7 million in investments.

Klabin also bid R$1 million for a 27,500 square meter area for cargo handling in general. Investments of R$87 million are planned.

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