New multi-purpose terminal opens in Brazil

Brasil Terminal Portuário (BTP) was officially opened on Wednesday by the Brazilian minister of seaports, Antonio Henrique Silveira, at a gala celebration held at the new 1.2-million-TEU annual capacity facility at the Port of Santos.

Development of the multi-purpose terminal project in South America’s busiest container port began in 2007, with APM Terminals acquiring a 50% share from Terminal Investment Limited (TIL) in 2010. The terminal represents an investment of over USD 1 billion by APM Terminals and is operating as a joint venture, with the current concession spanning 20 years.