This is the first joint project between the two companies, which will see APMT acquire 50% of TIL’s shares, subject to regulatory approval, although the investment figure has not been made public. Santos Port Authority has supported the deal.
BTP is currently developing the facility that is expected to be fully operational by mid 2013, with initial operations starting in 2012.
Capable of handling the next generation of vessels for the Brazilian trade, the facility will feature three berths with 15 metre water depth and have a capacity to handle 2.2m teu when completed.
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