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Wilson, Sons to begin Ponta Norte expansion in September (Brazil)
2010-09-10
Brazilian port logistics company Wilson, Sons (Bovespa: WSON11) plans to kick off work on the expansion of its Ponta Norte terminal area in Bahia state's Salvador port in September, a company spokesperson told BNamericas.

 

"[Special ports department] SEP has announced a start date of September 13," the spokesperson said.

 

The company's container terminal operator Tecon Salvador signed a contract with state port authority Codeba earlier this month permitting the former to increase its lease area by over 60% to 118,000m2.

 

A down payment of 25mn reais (US$14.6mn) will be paid to Codeba, along with a monthly rental charge based on the new area. A price per container or cargo movement consistent with the original Tecon Salvador lease contract will also be charged, according to the official.

 

SEP has stipulated a completion date of January 2012.


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