The Suape Port Complex has requested permission from the government of Pernambuco to contract a loan to complete the dredging of its main channel, as to raise the draft to 20 meters, 4.4 meters more than the current draft. Following last year’s performance, when it rose net revenue by 11.56% and profit by 19.82%, after spending more than R$ 70 million in investments, the port now intends to complete its most important infrastructure project. The investment value must be known within two months when the budgeting company provides the financial plan. The most recent figure was R$ 400 million, when the Federal Government was leading the contract negotiations. However, the federal government is changing the legislation and leaving port terminals investment projects to the concession program, which will indirectly help Suape Port reassess its investments. According to an estimate made by the Regional Superintendence of the Federal Revenue in the 4th Fiscal Region, Suape grew 47% in the segment compared to 2020, moving US$ 8.19 billion, 15% higher than that of 2019.
Source: Jornal do Comercio (PE) (*Translated by Ia Niani)