Porto Santarém Consortium won the bid for two fuel terminals

Two port terminals of the Grow Project, included in Brazil’s Investment Partnership Program (PPI, in the Portuguese acronym), have been successfully auctioned.

With a total signing bid of R$68.2m, the National Waterway Transportation Agency auctioned two fuel terminals of the Santarém Organised Port, in the state of Pará.

The Porto Santarém Consortium (comprising Petróleo Sabbá and Petrobras Distribuidora) was the winning bidder of both auctions.

The first bid sold for R$18.2m, after a round of bid calling in which the Consortium competed with two other bidders. The second terminal, the Consortium was the sole bidder, having offered R$50.005m.

STM Areas 4 and 5, as the port terminals are known, are already in operation and work with movement and storage of fuel bulk cargo (including petrol, diesel and ethanol) coming from the Port of Manaus.

For more information visit www.brazilgovnews.gov.br

17th April 2017