Brazil Needs Assistance for $1.5 Bln Dredging and Seaport Improvements
- Business & Finance
Brazil asked for assistance from U.S. and foreign companies to conduct $1.5 billion dredging works and seaport improvements.
As Reuters reports, the U.S. Secretary of Transportation Anthony Foxx said: “Both of our countries have more demand for infrastructure than there is public resources.
“There’s an awful lot of private capital parked on the sidelines. The conversation focused on how we can shift that.”
Brazil plans to spend $384 million in 2014 and a further $1.1 billion in related maintenance over the next 10 years.
The ports that are on the list for dredging are: Santos, Rio de Janeiro, Mucuripe, Suape, Recife and Niteroi.
Dredging would allow larger and more efficient vessels to access the ports.
Dredging Today Staff, June 6, 2014