Presidente Kennedy to become Brazil’s most expensive port ever

Brazil’s most expensive ever port project — Presidente Kennedy — is currently being assessed by the Environmental Institute (Ibama) prior to being given the go-ahead. It will require investment of $2.1 billion. The company responsible for the project, Porto Central, is 30% owned by the port of Rotterdam and 70% by TPK Logistica, the latter being part of the Polimix cement group. It is hoped that by January 2015, the necessary licence will have been granted allowing construction to go-ahead.