Imetame Group wins approval for new port in Brazil
In Brazil, the Imetame Group has received the government’s approval for their plan to construct, install, and then operate a “Private Use Terminal (TUP)” in Espirito Santo. Falling in the Aracruz municipality, Espirito Santo will be bringing an investment of R$206 million in terms of port development. Imetame Group will be having four years from the date of signing of the contract with the Secretariat for Coordination and Governance of Union Heritage (SPU) to completely develop the project.
The government sources said that a total of 1,032,639.2 m2 area of public waters will be part of this new upcoming project of Imetame Group. The government will be getting approximately R$4.1 per year from Imetame Logistica for the use of the space.
The public water will be developed as a retro area, wharf and mooring berths, breakwater, piers, and the evolution basin. The plan states that the new port will be having a depth of 17m and will be able to handle the massive size of next-generation container ships. The 17m depth at the port will make it possible for the new massive size container ships to leave or enter the port in a fully loaded state. It is expected that the venture will have a capacity of handling 300,000 TEUs annually in the initial years and will be further expanded to handle 1 million TEUs.
The Vitoria a Minas Railway-EFVM is only 3 km away from the Imetame Logistica Porto and the railway network will supplement the port operation through a train rail junction. This decision taken by the Secretariat for Coordination and Governance of Union Heritage (SPU) is in line with the economic and sustainable development plans of Brazil.