Brazil audit court to assess Port of Santos privatization and concession rules

On September 23, the Brazilian Federal Audit Court (TCU) started processing the privatization and concession proceedings for the Port of Santos, the largest in Latin America, following the Ministry of Infrastructure’s acceptance of the tender design.

The project is expected to receive approximately R$ 20.3 billion in investments, including operating expenses, new works, and another R$ 4.2 billion for the construction of an underwater tunnel that will connect Santos to the city of Guarujá. The contract period defined by the National Waterway Transportation Agency (Antaq) is 35 years, with the possibility of extension for another five.

This is the second privatization of a State-owned port asset under Brazil’s Investment Partnerships Program (PPI) and included in the National Privatization Program (PND). The first was Companhia Docas do Espírito Santo (Codesa), responsible for managing the ports of Vitória and Barra do Riacho.

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