Government qualifies Santos Port Authority for privatization

Home > News > Government qualifies Santos Port Authority for privatization

Published in nov 12 2019 - 08:59

The Santos Port Authority was qualified by the Federal Government to be privatized by means of the Investment Partnerships Program (PPI, in its Portuguese acronym). The decision took place at the 10th reunion of the PPI council, which took place this Wednesday (21), in Brasília. 32 other initiatives, amongst them two areas at the Port of Santos, were included in the program.

Responsible for the administration of the Port of Santos, the country’s largest and most important, Santos Port Authority is 100% a public company, with over 99.99% of the capital controlled by the Federal Government, and less than 0.01% by the Municipality of Santos. According to the schedule, the studies are supposed to be approved by November 2020; the notice published by July 2021; and the bid, executed by November 2021.

According to the CEO of the Santos Port Authority, Casemiro Tércio Carvalho, the inclusion in the PPI is another step toward the revitalization of the company: “It demonstrates that we are in the right path. Preliminarily, we believe that the best manner of privatize the company is an IPO (Initial Public Offering), as it include it in the B3 (São Paulo Stock Market) environment of New Market practices, guaranteeing good governance and managerial transparency, besides strengthening the capital market in Brazil. We will work alongside the government to take to market the best proposal, one that comprises the port community’s — and the whole country’s — best interest.

The bidding for two areas at the Port of Santos has also been announced: STS 14 and STS 14A, today occupied by Libra Terminais. The schedule is set so that notices are published in February 2020, and the biddings realized in May of the same year.

PPI-qualified infrastructure projects enter the program’s portfolio and become, then, national priority. This Wednesday’s meeting had the presence of the President of the Republic, Jair Bolsonaro, as well as several ministers, amongst them Tarcísio Gomes de Freitas, Minister of Infrastructure, that answers for several projects contemplated by PPI.

In little less than three years, PPI presented relevant results to the Brazilian economy and infrastructure. Of the 248 projects qualified in nine previous CPPI meetings, 151 were already auctioned, with consequential investments in the order of US$ 64.6 billion in the next years, besides the grants themselves, which sum about US$ 12.8 billion.

Translated from “Autoridade Portuária de Santos é qualificada pelo governo para desestatização”.

First published August 21 2019 – 7:27 PM


About Santos Port Authority

Santos Port Authority is a public company connected to the Ntaional Port and Waterway Secretariat (SNPTA) of the Ministry of Infrastructure (MINFRA). It is responsible for the logistic planning and for the administration of the Organized Port of Santos’ infrastructure, the largest of Latin America, through which almost a third of the Brazilian trade balance is moved. With 7,8 million square meters, the port is located 70 Km from the metropolitan region of São Paulo, and contains 43¹ maritime and retroport terminals, distributed among the municipalities that make the two margins of the port’s estuary: Santos (right) and Guarujá (left).

¹Some terminals operate two types of cargo, and have therefore been considered in duplicity.

More info (bilingual):

More info (in portuguese): santosportauth1