The first phase of the deepwater Embraport (Empresa Brasileira de Terminais) is scheduled to be completed in 2013. It is being built on a freehold site on the uncongested left bank of the Santos Estuary with rail access to the adjacent Port of Santos, South America’s largest port with 90% of its cargo destined for the local São Paulo market.
The US$500m first phase of the project will have up to 1m teu capacity and will be operated by DP World.
During his visit, Bin Sulayem also met with project partners Odebrecht and with more than 15 shipping lines and potential customers. Other shareholders in Embraport include Caixa Econômica Federal’s investment fund FI-FGTS and the Coimex Group,
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