Brazil sets starting bid for Santos port terminal auction at $93 million

Jbs NV

12/01/2026 15:48

SAO PAULO, Jan 12 (Reuters) - Brazil's government set a minimum concession fee of 500 million reais ($92.96 million) for the Santos port's massive Tecon 10 container terminal auction, expected to take place in the second half of March, the Ports and Airports Ministry said on Monday.

• The project will require an investments of 6.4 billion reais.

• More than 10 potential bidders have expressed interest, including Philippines-based ICTSI, Brazilian meatpacker JBS Z98.F, and logistics firm JSL JSLG3.SA, Ports and Airports Minister Silvio Costa Filho said last month.

• The move will allow the port's annual capacity to be increased to 9 million containers, according to an estimate from the ministry released in December.

($1 = 5.3784 reais)

 (Reporting by Leticia Fucuchima; Writing by Isabel Teles; Editing by Gabriel Araujo)

 ((Isabel.Teles@thomsonreuters.com;))