The government of Brazil's Bahia state has launched a tender process to select investors to develop a port complex at Porto Sul through a public - private partnership (PPP) project.
The project involves the development of a new logistics support area and a new terminal facilities for private use.
According to the tender documents, the selected private companies will have different stakes in the SPV (special purpose vehicle) that will go from the 51 % stake for the winner to the 10 % stake for the fourth selected company. The state government will be a minority shareholder in the SPV having also golden share with veto capacity.
The SPV will be responsible for the construction, operation, and maintenance of the new facilities for a period of 30 years.
The minimum initial investment is US$1.3 billion (over five years) to develop the complex infrastructure facilities.
Interested parties must submit their proposals on or before 1 December 2014.
As part of this megaport complex Bahia Mining (Bamin) will develop another terminal in the zone.
It is expected that in 25 years the megaport complex has capacity to move about 100 million tons per year, enough to place it in the list of the five most important ports of the country.