The largest port complex in Latin America is at the limit of its cargo handling capacity. Responsible for 30% of the transport of the Brazilian trade balance, the port of Santos has a total capacity of 162 million tons a year, and by the end of 2021, handling should already reach 150 million tons. But today this is not seen as a problem, thanks to the ongoing private investment package of around R$ 10 billion until 2025 to expand terminals. “Lease auctions are very well addressed. Production needs to be moved out. These investments will benefit the economy,” said Fernando Biral, president of the Santos Port Authority (SPA), a public company responsible for managing the port of Santos.
Of the 11 auctions scheduled for the concession of terminals, four have already taken place and two of them are planned for November. The other five will take place in 2022. The package also includes R$1.8 billion in the road-rail system and another R$2.5 billion from current lease contracts. “With this, our plan is to reach a capacity of 240 million tons by 2040.”
Source: Isto é Dinheiro
