Santos Brasil invests $14m into land near Imbituba port

Brazilian container terminal operator Santos Brasil has invested US$13.8 million in land near Imbituba port in the southern state of Santa Catarina, reported Business News Americas, Cargonewsasia reports.

The 2.1 sq m lot is located near federal highway BR-101, around 6km from the port where Santos Brasil operates a container terminal. The company acquired the land through an auction held by southern region development bank BRDE.

The container operator is also planning to invest $18.84 million by May to purchase equipment for the new lot, which will complement its container operations.

Santos Brasil has also submitted a feasibility study to São Paulo state port authority Codesp for the exploration of the Prainha area of Santos port. The company is now awaiting Codesp's approval for the project.
(Source:http://en.portnews.ru)