Tecon Salvador, a subsidiary of Wilson, Sons, has signed an $80m loan agreement with International Finance Corporation (IFC) to finance the expansion of the container terminal in Salvador, Brazil, Ship-Technology reports.
The expansion, which is expected to be completed by March 2012, will double the terminal's capacity; the work includes berth reinforcement, retro-area paving, dredging, and the purchase of new equipment.
The company said that following the expansion the terminal will have two berths spanning 377m and 210m, and a total area of 118,000m².
The expansion, together with the dredging, will allow the terminal to accommodate post-Panamax vessels measuring 300m.
In 2010, Tecon Salvador handled 262,000teu of cargo, including goods such as petrochemicals, rubber, tyres, cellulose, fruits and auto parts.
The expansion, which is expected to be completed by March 2012, will double the terminal's capacity; the work includes berth reinforcement, retro-area paving, dredging, and the purchase of new equipment.
The company said that following the expansion the terminal will have two berths spanning 377m and 210m, and a total area of 118,000m².
The expansion, together with the dredging, will allow the terminal to accommodate post-Panamax vessels measuring 300m.
In 2010, Tecon Salvador handled 262,000teu of cargo, including goods such as petrochemicals, rubber, tyres, cellulose, fruits and auto parts.