DRAFT ENHANCEMENTS COULD GENERATE R$2 BILLION TO THE PORT OF SALVADOR

According to a study by the consultancy Terrafirma, Salvador has the capacity to receive all ships operating on the Brazilian coast. Still, in some cases, 366-meter-long vessels can only dock at high tide. The study indicates that if the port is not prepared for 400-meter vessels, there will be losses for both the government and society. The study estimates that an investment of R$200 million in dredging the channel would generate economic benefits of around R$2 billion. If nothing is done, the estimate is a loss of R$1.1 billion in investments, along with the loss of 2,000 direct and indirect jobs between 2026 and 2048. Additionally, the collection of ISS and ICMS would see declines of R$42 million and R$65 million, respectively.

Sources: Correio 24 horas/Datamar News