PORT OF SALVADOR TO DOUBLE CAPACITY WITH BRL 848 MILLION BNDES LOAN

To expand and modernize the Port of Salvador’s container terminal, the BNDES has approved BRL 848 million in financing via the Merchant Marine Fund (FMM). The project at Tecon Salvador will involve yard expansion, new equipment, and technological modernization, doubling its annual capacity to over 1 million TEUs and boosting productivity beyond 100 containers/hour. The upgrades are set to create jobs, bolster foreign trade, reduce logistical bottlenecks, and improve regional integration. The BNDES stated that this initiative reinforces Brazilian government’s regional development and sustainability goals, cementing the port’s status as a primary terminal in the Northeast.
Source: Ministério de Portos e Aeroportos (*Translated by Ia Niani)