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Santos Brasil eyes Manaus port container terminal project, looking to raise capital (Brazil)
2010-08-20
Brazilian container terminal operator Santos Brasil is considering a bond issue or selling shares in an attempt to participate in a tender to construct and operate a container terminal in Amazonas state capital Manaus.

 

The operator is also looking at the possibility of obtaining a loan from national development bank BNDES, according to a report by online publication Portos e Navios that quoted company president Carlos Antonio Sepulveda.

 

The tender, scheduled for early 2011, should involve less than 1bn reais (US$569mn), according to Sepulveda, who also highlighted that the firm is keeping an eye out for other upcoming port projects.

 

Among those under consideration is a 1.2bn-real project to construct a new terminal in the Barnabe-Bagres region of Santos port - the country's busiest - in the state of Sao Paulo. Also being looked at are the ports of Salvador and Suape in Pernambuco state.

 

Santos Brasil currently operates three port terminals in Santos, in addition to Imbituba port in the state of Santa Catarina and Vila do Conde port in Para state.


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