Brazil’s Itapoa Port to Get $371 Million Expansion, Folha Says

Logz Logistica Brasil SA and Alianca Navegacao e Logistica Ltda., along with other companies, plan to spend 750 million reais ($370.7 million) to quadruple the size of Brazil’s southern Itapoa port, newspaper Folha de S.Paulo reported.

The expansion will begin next year and take four years, the Sao Paulo-based newspaper reported, citing Patricio Junior, the dockyard’s chief executive officer. The port will have an annual handling capacity of 2 million twenty-foot equivalent units, a standard measure for containers, up from 500,000 now.

To contact the reporter on this story: Stephan Nielsen in Sao Paulo at snielsen8@bloomberg.net

To contact the editor responsible for this story: Sylvia Wier in New York at swier@bloomberg.net

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