EMERGENCY FINANCE FOR SANTOS
Brazils Transport Ministry is to release US$44.8m out of a possible budget of US$74.66m to enable some emergency measures to be undertaken and also permit immediate investment in development of the quays.
Some funding will go towards landside construction and also to deepen the access channel to the port to 15 metres.
Around US$22.4m of the total is destined for improvements to terrestrial access to the terminals;
these are considered priority projects by the port authority and include both road and rail links.
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