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Private sector wooed in Brazil’s port development

21 August 2013 | 0 Comments

21 August 2013

Brazil is seeking private sector investment in a $5bn programme of sea port development.

The Special Secretariat of Ports has called for expressions of interest from the private sector to help expand existing ports and to build 12 new terminals.

The largest project involves the construction of a new, $837m iron ore logistics terminal in Espírito Santo.

Santos port is due to be expanded as part of the works (JorgeRioBRAZIL / Wikimedia Commons)

Other works include expanding a terminal at Santos port (pictured) for $753m and a shipyard terminal in Rio de Janeiro for $171m.

The development programme follows a port reform law passed in Brazil in June, and aims to boost cargo handling capacity to 35.6 million tons.

Source: Agência Brasil