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Brazil's Itaqui Port to Undergo $3 Bln Expansion Over 20 Years
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Brazil's Itaqui Port to Undergo $3 Bln Expansion Over 20 Years

The company administering Brazil's Itaqui port said it plans to invest 6.3 billion reais ($3.13 billion) in expansion over 20 years to increase cargo-moving capacity ten-fold as Brazil faces criticism that its ports are inadequate.
Itaqui, strategically located on Brazil's northeast coast and closer to Europe and the United States than the country's southern ports, moved 15.7 million tonnes of cargo in 2012.
By 2030, it hopes to handle 150 million tonnes per year, said Luiz Carlos Fossati, president of the Maranhense Port Administration Co (Emap), in an interview.
The company plans to invest 1.4 billion reais in Itaqui by 2016, he said.
Brazil's National Transport Confederation has said the country's ports are among the slowest and most costly in the world, due partly to lack of investment.
President Dilma Rousseff announced late last year a $26 billion plan to modernize the country's public ports. Brazil, an agricultural superpower, has had trouble making timely export deliveries of this season's record soybean crop.

Source: Reuters

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"Outlook & Emerging Challenges - PORTS & SHIPPING"

Meet prominent speakers and industry professionals. Right platform for networking with the industry stalwarts.

Mr. N N Kumar,
Chairman-In-Charge, Jawaharlal Nehru Port Trust

Speakers

Capt. Arun Karkare,
Marine Consultant, Sai Techno Consultants

Mr. Ajay Singh,
Chief Executive Officer, DP World Nhava Sheva

Mr. Rajiv Agarwal,
CEO & MD, ESSAR

Mr G. Kannan, Head Logistics,
Larsen & Toubro

Mr. Michael Pinto, (Retd.) Secretary,
Government of India

Mr. T S Balasubramanian, Member Finance & Chairman-In-Charge,
Tariff Authority of Major Ports

Mr. Rajeev Gupta, Chairman,
Mumbai Port Trust

Capt. Dinesh Gautama,
Advisor, President, Navkar Corporation Ltd &
Advisor to Narottam Morarjee Institute of Shipping

Cdr. (Retd.) Sudhir Kumar,
Vice President Strategic Planning,

Geekay Security Services Pvt. Ltd.
Senior Commandant Shri. Amit Sharan,
CISF

Col. Deepankar Chaudhary,
Lead Consultant,
Mahindra Special Services Company

Shri. Vijay Arora, IAS,
Indian Register of Shipping - IR CLASS
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