Brazil: Aratu Port Prepares Major Expansion
José Muniz Rebouças, the chairman of state port authority Codeba, said that the Aratu port in northeastern Brazil’s Bahia state is planning at least 685mn reais’ (US$357mn) worth of investments in port expansion works this year.
Two groups have presented project studies for the lease, which Codeba is currently analyzing, Rebouças said, adding: “We aim to forward them to national waterways regulator Antaq for review by month-end.”
Meanwhile, the authority plans to spend 100mn reais to expand the port’s liquid bulk terminal, with its lease holder providing another 400mn-500mn reais. Work will entail building two berths and increasing liquid storage capacity.
Dredging Today Staff, May 7, 2012; Image: codeba