Government Targets STS-10 Santos Container Terminal Auction by April 30 as JBS Weighs Participation

Overview

• Ports Minister Silvio Costa Filho said the edital is planned for late February or early March, aiming to hold the STS-10 auction by April 30.
• With the modeling delivered to Antaq, the government requested an investor roadshow, with dates expected to be announced this week.
• The STS-10 project foresees about R$6.4 billion in investments over a 25‑year lease on roughly 621,000 m² with four berths, targeting an eventual lift in Santos’ annual container capacity toward 9 million TEUs.
• The government accepted TCU recommendations for a two‑phase dispute structure to curb market concentration and set a minimum outorga of R$500 million, with part of the payment earmarked for more than R$800 million in port improvements.
• JBS Terminais said it is conducting preliminary studies on a possible bid and will decide after reviewing the edital, citing concerns over local infrastructure and dredging, while continuing to pursue its separate operation in Itajaí.