TIL plans to invest R$ 2 bi in expansions in SP and SC

The Swiss group Terminal Investment Limited (TIL) intends to invest more than R$ 2 billion in Brazil, alone or together with its partners, to expand its port operations in Santos (SP) and Navegantes (SC). It is also getting ready to bid on STS 10 in the Santos estuary, a new “super terminal” for containers that should be tendered at the end of 2022.

The investment route was drawn up by Brazilian executive Patrício Junior, TIL director responsible for business in Latin America and the Caribbean, a region where the company operates in eight different ports, such as Callao (Peru) and Valparaíso (Chile).

Controlled by MSC, one of the largest shipping companies in the world, TIL intends to formalize an investment of US$ 150 million  – around R$ 830 million at the current exchange rate – in the first quarter of 2022 in Portonave. Located in Navegantes and acquired from Triunfo in 2017, this private port has the capacity to handle 1.3 million TEU annually and is considered one of the most efficient in the country.

The problem is that operational restrictions limit the port to receiving ships up to 350 meters in length – and without maximum capacity. With the work planned for the berths, Portonave will be able to receive full boats measuring 366 and 400 meters.

In Santos, where TIL holds 50% of Brasil Terminal Portuário (BTP), the plan is to invest R$ 1.4 billion to expand operations. In return, BTP has already filed a request with ANTAQ (the national waterway transport agency) to extend its lease for 20  years, until 2047. The improvement package provides for the reinforcement of four portainers, 27 cranes on tires, and 46 trailers. The readjustment of buildings and an increase in the reefer area are also part of the project.

TIL also intends to enter the dispute for the new STS 10 terminal, at Cais do Saboó, in a region known today as the “Gaza Strip” due to the division of areas into small operations. One of the spaces is currently occupied by Ecoporto, owned by Ecorodovias; its lease ends in June 2023 and will not be extended.

STS 10 is expected to be the largest port lease in the history of Santos. The forecast is to receive R$ 2.2 billion in investments. According to Patrício Junior, TIL and APM Terminals (from the Danish Maersk) – which are partners in Brasil Terminal Portuário – should enter the tender separately according to each one’s interest. They can later think about a cooperative arrangement.

Asked about TIL’s interest in privatizing the Santos Port Authority (SPA) which manages the port, Patricio Junior says that the company will consider participating in a consortium. The government’s model predicts that shipping companies and terminal operators may have a maximum of 15% share in consortia. In his opinion, it is enough to allow at least these parties to have a place on the board of directors and a voice on what needs to be done.

Source: Valor Econômico

To read the full original article, visit the link:

https://valor.globo.com/empresas/noticia/2021/12/13/til-planeja-investir-r-2-bi-no-pais-em-ampliacoes-em-sp-e-sc.ghtml

Sharing is caring!