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Santos the winner in federal handout
01 Sep 2005
Brazil's seven largest ports will receive US$263m of federal investment in infrastructure this year. The money is earmarked to finance improvements to road and rail links, deepen the draught in access channels, build new access roads and acquire new equipment. Those ports benefiting will be Rio Grande, Itajai, Sao Francisco do Sul, Santos, Sepetiba, Rio de Janeiro and Vitoria.
Of the total, Santos will receive US$59.32m, which is 600% higher than money allocated in 2004. Much of this is allocated to the construction of a perimeter road to serve the 16km of quay in the port, where the aim is to reduce congestion currently afflicting the port and surrounding area.
