The Port of Vitoria signed its first post-privatization contract with a 5.5 years-term with the company TechnipFMC for the Base of Vitoria (BAVIT). The deal was inked shortly after three months after Quadra Capital, represented by FIP Shelf 119 Multiestratégia, took over the management of the port after being awarded the contract in a tender at the beginning of the year. The contract foresees, besides the negotiation of the aforementioned area, a twofold increase in the site’s production capacity, reinforcing the potential of the Port of Vitoria to support the oil and gas industry. According to the port’s statement, the contract should bring about developments that will benefit the port and surrounding communities, as well as contribute to the consolidation of Espirito Santo state as a competitive logistics base in the offshore support segment.
Sources: A Gazeta/Datamar News