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TCU rules that Tecon Santos 10 auction process must undergo new review

Brazil’s Federal Court of Accounts (TCU) determined that the concession process for Tecon Santos 10 — the largest container terminal at the Port of Santos, with projected investments of R$6.4 billion — must be resubmitted for court review before moving forward. The ruling was triggered by structural changes in the auction model that affect the contract's economic-financial balance and the competitive conditions of the bidding process.

Source: Consultor Jurídico (Conjur)
Foto: Canva

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