Bunge team takes Brazilian port terminal

Bunge team takes Brazilian port terminal

Brazil Project & Infrastructure Finance

US agribusiness Bunge and the Brazilian food company M. Dias Branco won the contract to operate a wheat port terminal in Rio de Janeiro, offering to pay BRL1.18bn ($374m) in licensing fees.The Maravilha consortium, formed by Bunge Alimentos and M. Dias Branco, are expected to invest another BRL93.1m into the port terminal, the waterway transportation agency Antaq said in a statement.The terminal will handle at least 682,000 tons of grains by the third year of the contract, rising to 918,000 tons

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