The Ministry of Infrastructure in Brazil has stated that the technical studies to define the privatization structure for Port of Santos are near to completion and are expected to be published soon.

Port of Santos is located at the coast of Sao Paulo. The authority also plans to launch public consultation for the concession in 2021. Under the privatization concession, the private partner will be responsible for operation and maintenance services for the port infrastructure, deepening of port-channel from 15 to 17 meters, development of tunnel connecting Santos and Guarujá as well as improvement works at road and railway infrastructure connecting port. 

The expected investment value for the project is BRL1.6 billion (US$281.70 million). The auction for the port privatization is scheduled to take place in first quarter of 2022.