Odebrecht TransPort (OTP) expects to commence civil works in August at the Brazilian port of Suape on a new dry bulk terminal. These have a budget of $47 million. The facility is scheduled to open in September 2016 in time for the 2016/2017 harvest, which starts in October/November.
The new terminal will be 75% owned by OTP and 25% by Agrovia. It was initially envisaged as a sugar exporting terminal only, but plans are now being developed to expand its portfolio, with a request being made to Antaq to allow it to import and export soya, bran, barley, malt and wheat. However, this will also involve an expansion of the terminal, requiring an additional $19 million.
Vessels of up to 35,000dwt will use the new terminal.