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CONCESSION POLICY

RIVER, ROADS, AIR AND SEA

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Ports

PORTS – Santos Organized Port Privatization

Port of Santos – waterway access by 25 km long channel, capable of receiving vessels up to 336 m long, 46 m beam and 13.5 m draft, whose dimensions are reduced further into the continent. The port has high connectivity: road access through the Anchieta-Imigrantes System, Cônego Doménio Rangoni Highway, BR-101 (Santos River) and SP-55 (Padre Manoel da Nóbrega Highway); railway and by the extensions of MRS Logística, Ferrovia Centro-Atlântica S.A. (FCA) and Rumo Malha Paulista (RMP); pipeline by the lines of Petrobras Transporte S.A. – Transpetro; and waterway through the Tietê-Paraná waterway. The Santos port complex handled, in 2018, 133.2 million tons, of which approximately 107.5 million tons were from the public port; and

stage:

01/21/2022

Studies

Public Hearing

TCU

4Q 2022

Bidding Documents

4Q 2022

Public Auction

1Q 2023

Contract

Brownfield Project

Jobs created throughout the lease contract:

estimated 22.966 (direct, indirect and income effect)

Monthly rental value:

under study

Variable contribution:

in the amount of 2.25% of the Concessionaire's consolidated gross revenue, collected annually at the beginning of each year referring to the revenue calculated in the previous year;

Fixed contribution :

25 annual installments in the amount of R$ 63,326,900.00 each from the 8th year to the 32nd year of validity

EXPECTED INVESTMENT:

BRL 18,5 billion ((i) BRL 14 billion - maintenance; (ii) BRL 3 billion - Santos - Guarujá tunnel; (iii) BRL 1.5 billion - CAPEX of mandatory expansion and modernization investments)

IRR:

under study

Lease term:

35 years

AUCTION CRITERION:

greatest grant

PPI QUALIFICATION:

Resolution Nº 69, of august 21, 2019/ Decree nº 10,138,of november 28,2019