US$3.8bn investment for Brazil’s ports

The minister said the funds are part of the investments the federal government will devote to the work of the Growth Acceleration Plan 2 (CAP 2). \\\”In recent years the government has been advancing much improved waterway access in the country …dredging, deepening and widening access channels and the recovery of existing piers over the country.\\\”\\r\\n\\r\\nCommenting on the construction works at the Port of Rio de Janeiro, Minister Cristino said, the government intends to invest around US£300m in the first phase. The bidding process is already underway and later this year or beginning of next year at the latest, the intention is start the improvement works.\\r\\n\\r\\nIn addition to the Rio works the minister said the federal government will also work on improving the Port of Santos and other ports throughout the country.\\r\\n