Brazil investment 3
President Lula of Brazil has signed an agreement for some Reais4bn ($1.7bn) to be spent on a brand new port complex for Ilheus, in the state of Bahia.
Tenders are expected to be issued soon for the construction of a new port complex, on 1,771 hectares at Ponta da Talhu, close to Ilheus and Itacare. To be called Porto Sul, the “intermodal complex” will have a port, rail lilnks, inland water terminal, national road links and a new airport.
Once the new port is up and running it will handle 25m tonnes per annum including iron ore, containers and general cargo.