Brasil Terminal Portuario moves to renew its lease early on Port of Santos
Brasil Terminal Portuario (BTP) is working to procure an early renewal on the lease at the Port of Santos, the largest port in the country. It has disclosed an investment commitment of 1.3 billion reais ($250 million) for the coming twenty years of extension (2027-2047) for which it plans to hold the contract.
Brasil Terminal Portuario, is a joint venture of Terminal Investment Limited and APM Terminals, both of them hold a 50/50 stake in the venture. The agreement for the current contract held by BTP was signed in 2007 for a period of 20 years, which was extendable for another 20 years.
Brasil Terminal Portuario intends to continue investments to improve the operating efficiency and capacity. The investments include purchases of 27 Rubber Tyred Gantry (RTG) cranes, 46 terminal tractors, and 4 ships to shore cranes (STS). This will bring the total number of the stated machinery to 57 RTGs, 103 terminal tractors, and 12 STSs. The proposals also include strengthening of mooring berths to be able to handle 366m ships. In addition to this, the automation of the gates to and from the terminal, relocation of the administrative building, and expansion of the reefer area have also been included in the development plans. With these changes, the effective operational area of the terminal will increase considerably, from 430,000 m2 to 454,000 m2.
Ricardo Arten, CEO of Brasil Terminal Portuario handed over the official document to Diogo Piloni, National Secretary of Ports at the Ministry of Infrastructure. Ricardo Arten stated that there was a public-private partnership throughout the process in which the plan was built and the active involvement of the government in the process was fundamental. The CEO also stated that the investment plan was drawn out with infrastructure development of the port in mind, while not leaving out considerations of shareholder returns and that he hopes that the renewal request will be approved by the Ministry of Infrastructure.