Cargill-LDC to be awarded Santos terminal by month-end, says Codesp - Brazil
Cargill-LDC to be awarded Santos terminal by month-end, says Codesp - Brazil
Saturday, November 21, 2009
(BNamericas.com) - The Brazilian branch of US agricultural giant Cargill and France's Louis Dreyfus Commodities (LDC) should be awarded the 25-year concession of Santos port bulk cargo terminal by month-end, a spokesperson from São Paulo state port authority Codesp told BNamericas.
Earlier this month, a consortium formed by the two firms submitted the highest offer of 221mn reais (US$128mn) to operate the terminal.
An additional 67mn reais will be paid to Codesp, the port authority reported in a release.
The 221mn reais will be paid upon signing the contract together with 19.9mn reais for Codesp. Of the remaining Codesp payment, the consortium will pay nine annual installments of 4.82mn reais and invest 13mn reais in terminal improvements.
"All that is left to do is review the company documents to confirm qualification. Unless there are any irregularities, the contract will be signed shortly, probably this month," the spokesperson said.
Codesp has set no minimum cargo handling requirement during the first year of operations but 1.25Mt is set for the second year, increasing gradually until the 15th year when 3Mt/y should be handled, the release said.
The terminal, which had previously been administered for 23 years by Cargill, is located in the municipality of Guarujá, next to Santos city.
Three other firms presented proposals in the process: the local branch of Swiss coffee merchant Volcafé (98.3mn reais); local port logistics company Wilson, Sons (65mn reais); and oil services company Noble do Brasil (63.8mn reais)....
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