Itaqui upgrades
The Brazilian port of Itaqui is to receive investment totalling $68m over the next four year to fund upgrading and expansion work. $61m will come from the Federal Government and $6.82m from the state. Transport minister Anderson Aduato noted that although Brazil has some 30 ports only about five or six of them are currently suitable for modernisation.
At present Itaqui has six operational berths of which one is leased by CVRD, and a seventh is currently inactive.
However under the new plan two new berths will be built and all existing facilities upgraded. A new road access will be built at a cost of $3.75m while extensions will be made to storage areas.
Itaqui handled 14m tonnes in 2002, rising to 16m for 2003, with 20m projected for 2004.
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