Brazilian container terminal operator Santos Brasil has invested US$13.8 million in land near Imbituba port in the southern state of Santa Catarina, reported Business News Americas, Cargonewsasia reports.
The 2.1 sq m lot is located near federal highway BR-101, around 6km from the port where Santos Brasil operates a container terminal. The company acquired the land through an auction held by southern region development bank BRDE.
The container operator is also planning to invest $18.84 million by May to purchase equipment for the new lot, which will complement its container operations.
Santos Brasil has also submitted a feasibility study to São Paulo state port authority Codesp for the exploration of the Prainha area of Santos port. The company is now awaiting Codesp's approval for the project.
The 2.1 sq m lot is located near federal highway BR-101, around 6km from the port where Santos Brasil operates a container terminal. The company acquired the land through an auction held by southern region development bank BRDE.
The container operator is also planning to invest $18.84 million by May to purchase equipment for the new lot, which will complement its container operations.
Santos Brasil has also submitted a feasibility study to São Paulo state port authority Codesp for the exploration of the Prainha area of Santos port. The company is now awaiting Codesp's approval for the project.