Ports emerge in Brazil
New investment in port infrastructure in both north and south Brazil should help relieve existing bottlenecks in these regions over the next eight years. The Battistella conglomerate and the Alianca Navegacao Logistica, for example, are investing US$100m over the next eight years on the construction of the port of Itapoa in Santa Caterina state.
The threeberth installation to be known as Santa Caterina Container Terminal, is due to open in early 2007. With a draught of 16 metres it will be able to handle vessels of up to 9,000TEUs. Annual capacity will be in the region of 300,000 containers in the first phase of development handled at a 350,000 sq metre yard. 70% of the cost is being met by the Battistella conglomerate and 30% by the aforementioned Brazilian line which forms part of the Hamburg Sud group. A US$56m loan has been taken out from the Interamerican Development Bank (BID) to finance much of the work.
Sao Francisco do Sul, another port being built in Santa Caterina state is benefiting from a US $5.74m berth refurbishment programme to boost throughput by 30% within a year, rising to more than double the existing capacity within three years.
Construction of a new berth is also planned as part of the concession, which will require investment of US$29m.
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