Monday 13 October 08 - 12:32
 

News Americas

Brazil favours port investment

Brazil is to extend until 2010 its so-called Reporto tax incentive to enable ports and terminals to purchase equipment, as well as modernising and expanding infrastructure.

The measure was first introduced in 2004, although the initial pilot ended in December last year.

At the same time, the federal government has made available credit of up to $1bn for ports and airports projects.

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