TSSA New Berth

completed

The Project is to refurbish and expand Tecon Salvador S.A.’s (“TSSA”) container terminal inside the Port of Salvador, which is located in the state of Bahia in North East Brazil. The Project includes (i) the refurbishment of 2 berths with a combined total length of 617 meters; (ii) the installation of three Post-Panamax Ship-to-Shore cranes and six Rubber Tyred Gantries Cranes; (iii) the refurbishment of existing buildings and expansion of the container yard from 58.7 hectares to 95.2 hectares; and (iv) the development of supporting electrical infrastructure. Upon completion, the terminal’s container handling capacity will increase from 250,000 twenty foot equivalent container units (“TEUs”) to 500,000 TEUs.