Brazil to sign two port terminal concession extensions

By
Tuesday, October 18, 2016

Brazil's federal government intends to sign contract extensions for two port terminal concessions this week, which together call for some 500mn reais (US$156mn) in investments.

The signing ceremony for the 25-year extensions should take place by Thursday (Oct. 21), local news service O Globo reported.

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The contracts are for the container terminal of oil and gas logistics company Wilson Sons in Salvador port in Bahia state and the fertilizer terminal of the company Fospar in Paraná state's Paranguá port (pictured).

During the ceremony, the government will also sign a new 8.5mn-real agreement with the Contermas consortium for a passenger terminal in Salvador, according to the report.

The signing of these agreements follows visits to Japan and India to promote infrastructure project plans, and indicate that the current administration is set on speeding up accomplishment of infrastructure developments in the country, the transport ministry's port policy secretary Luis Fernando Garcia da Silva was reported as saying.