Ports and Terminals

Santos port authority to lose R$ 820 million with TCU decision

Oct, 13, 2021 Posted by Ruth Hollard

Week 202139

The Santos Port Authority (SPA) estimates a loss of R$ 820 million with the decision of the Federal Court of Accounts (TCU) to extends the Marimex company’s contract until 2025 to develop an area measuring ​​95,500m² in the Port of Santos.

The calculation is part of the request for review sent by the state to the court. In the request, several factors are mentioned to support the number. SPA cites negative impacts arising from less movement on the right bank of Santos due to lack of rail capacity and loss of revenue from the postponement of the new fertilizer terminal in that space.

According to the appeal, Marimex’s extended contract results in R$ 6.10 per m²/month to SPA’s cash for the leasing of the port area. In comparison, in the last transitory contracts signed by the port administration, the average amount charged by the terminals is R$ 12.34 per m²/month.

Marimex, which handles containers in a retro-port terminal (without access to the sea), has operated in Santos since 1987. Control of it expired in 2020. The Ministry of Infrastructure decided not to renew it. Based on the recently approved development and zoning plan for Santos, the government’s idea is to use the area for this new fertilizer terminal and a railway pear (circular-shaped courtyard for train maneuvers). Without this, SPA argued in the appeal, there will be bottlenecks for rail cargo access to the ports.

Source: Valor Econômico

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