The expanded terminal area is part of ICTSI’s US$120m phased investment programme in SCT that began in 2002, a year after ICTSI won the 30-year concession to manage, operate and develop the facility.
The Suape Port event is part of the president’s visit to Brazil, a first for an incumbent Philippine president.
“President Arroyo was impressed with what ICTSI has done for the Suape Container Terminal that today is the most modern and largest terminal in the northern and northeastern regions of Brazil,” said ICTSI chairman and president Enrique Razon Jr.
Since 2002 ICTSI has spent US$75m in developing SCT and it is now ready to proceed with the next phase of the programme. B 2012, total investment in SCT will have reached US$120m.
The expanded terminal area adds seven hectares to SCT’s container yard taking the terminal’s developed area close to 30 hectares. The recent investment also includes three reach stackers and 11 prime movers, with eight RTGs due in November. Costing US$15m the Noell RTGs are currently being manufactured in China.
In 2008, SCT posted a year-on-year 22% increase in volumes to almost 300,000 teu, which, according to the company, was one of the largest percentage growths among Brazilian ports.