By Brazil Stock Guide – Brazil’s BNDES has approved an 848 million-real ($148 million) loan for Wilson Sons Ltd. (PORT3:SA) to expand and modernize its Tecon Salvador container terminal in northeastern Brazil. The company said the investment will strengthen logistics links across key trade corridors and support export competitiveness.
According to the Valor Econômico report published on Monday (Nov. 3), the funds will be used to enlarge the container yard, purchase new handling equipment, and upgrade port infrastructure and technology systems. Once completed, Tecon Salvador’s annual handling capacity is expected to rise from 553,000 TEUs to more than 1 million TEUs, while quay operations should increase from 70 to over 100 containers per hour.
“The expansion of Salvador’s terminal will reduce logistics bottlenecks and enhance commercial integration between Brazil’s Northeast, Center-West, and parts of the Southeast and North,” said Aloizio Mercadante, president of Banco Nacional de Desenvolvimento Econômico e Social (BNDES).
“This initiative aligns with President Lula’s trade policy to boost exports of higher value-added goods,” he added.
Mercadante highlighted Tecon Salvador’s strategic location, roughly equidistant from the Panama Canal and Cape Horn, allowing efficient maritime connections to Europe, Africa, Asia, and North America.
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