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TS (Expansion)

Sector: Warehouse • Location: Brazil

Source: International Finance Corporation (IFC)

Project
Completed

_x000C_The proposed IFC financing entails a repeat investment in Tecon Salvador S.A. (Tecon Salvador or the company), a container terminal located in the Port of Salvador, in the state of Bahia in North East Brazil. The Port of Salvador comprises 9 berths, of which two are leased to Tecon Salvador, and seven remain under public ownership. It is the largest port in the North East region. Tecon Salv

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The project “TS (Expansion)” is an infrastructure initiative in the Warehouse sector, located in Brazil. Taiyo aggregates data on it from International Finance Corporation (IFC).

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Participants

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Status

Original status

completed

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Description

Description

_x000C_The proposed IFC financing entails a repeat investment in Tecon Salvador S.A. (Tecon Salvador or the company), a container terminal located in the Port of Salvador, in the state of Bahia in North East Brazil. The Port of Salvador comprises 9 berths, of which two are leased to Tecon Salvador, and seven remain under public ownership. It is the largest port in the North East region. Tecon Salvador serves a regional, export-orientated market, mainly concentrated in Bahia. IFC made an initial investment in the company in 2001, when Tecon Salvador was awarded the right to operate the terminal under a 25 year concession. The proposed new financing will support Tecon Salvador’s capital expenditure plans for 2007 and 2008, the most important aspect of which is the purchase of equipment, and accompanying civil works, required in order to optimize operations.

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Source

Source reliability

High

Data quality score

100%

Source

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URL

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More Details

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