Odebrecht to build $591.4m private port terminal in Brazil


Brazilian companies Odebrecht Engineering & Construction and Petrocity Portos have signed a memorandum of understanding (MoU) to undertake engineering studies for the construction of Centro Portuário São Mateus (CPSM) port terminal in São Mateus city.

The BRL2.1bn ($591.4m) new multimode port in northern Espírito Santo state will handle various kinds of cargo. It is already considered a regional integration hub that will connect the northern and north-western regions of Espírito Santo, as well as southern Bahia state and the eastern and northern regions of Minas Gerais state.

The port project will handle four types of operations and will be funded through private investments.

One terminal will handle oil and gas activities; another will be dedicated to the decorative stones industry; a third terminal will manage movements of containers; and a fourth terminal will focus on movements of wood and pulp.

Although the 1.5 million m² port will be geographically located in the country’s southeast, its area will be within the jurisdiction of the Northeast Development Superintendence (Sudene), which will ensure tax benefits for the project.

Construction is expected to begin in the first quarter of 2019 and completed in the second half of 2021.

CPSM, which is expected to create 2,500 jobs at the peak of its construction, is likely to employ 2,000 people once it becomes operational.

Petrocity Portos director José Roberto da Silva said: “To have the international expertise of Odebrecht Engineering & Construction will be essential for ensuring the execution of this complex, which will support the economies of cities in the interior regions of these three states and ensure their economic integration.”

The CPSM complex will feature a new architectural concept, adopting the concrete caissons method and sustainable practices in the construction and operational phases.

Odebrecht contract manager Giorgio Bullaty, who is responsible for the project’s studies, said: “Our experience and technical expertise will guarantee the construction of one of Brazil’s most beautiful and efficient ports.”

Under the terms of the agreement, the construction company will have exclusivity in executing works on this project in exchange for developing the engineering studies.

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