Portonave is located opposite the Port of ItajaÃ and the Terminal de Conteineres do Vale do ItajaÃ (TECONVÃ), a container terminal operated by the 50/50 joint venture between APM Terminals and Cattalini. Portonave terminal has obtained US$110m in financing from GE Corporation for civil works and the acquisition of equipment, with an eight-year pay-back period.
The terminal will comprise four berths totalling 900 m, with an alongside depth of 12 m. The quay was initially scheduled to be built in two phases, but it has recently been decided that all 900 m should be built at once. Construction is said to be going “very fast”, with completion now scheduled for June 2007 – two months earlier than originally anticipated.
When completed, the 60 ha terminal will be equipped with six post-Panamax quay cranes, 14 RTGs and supportive reach stackers. A new access road is also planned that will directly link the terminal with route BR 470, thus avoiding the city of Navegantes and its urban traffic.