Pernambuco Government Settles Debt of R$ 340 Million and Allocates R$ 140 Million for Continuation of Dredging Project at Suape Port

The construction had been halted for several years due to financial inconsistencies between the Government of Pernambuco and the Dutch company. The dredging project at the Port of Suape can now be resumed and completed in the coming months.

Recently, the Government of Pernambuco took a significant step toward the future of the state’s port market. The debt with the Dutch company Royal Van Oord of R$ 340 million has been fully paid, and an amount of R$ 140 million will be allocated for the resumption and finalization of the dredging project at the Port of Suape. The project had been stalled for several years and will now bring strong benefits to cargo movement in the complex.

Halted Since 2013, Dredging Project at the Port of Suape Will Be Resumed by the Government of Pernambuco and Completed in Up to 5 Months

The dredging project at the Port of Suape, halted since 2013 by the state authority of Pernambuco, will now be resumed after the debt with the Dutch company Royal Van Oord has been settled. 

The Government of Pernambuco is allocating a total investment of R$ 480 million for the resumption and finalization of the project, which is expected to happen within a period of 3 to 5 months. 

The intervention, halted since 2013, will be carried out using a state-of-the-art dredger, allowing for the removal of sediments and rocks.

The R$ 340 million debt of the Government of Pernambuco with the Netherlands has been fully settled, while the R$ 140 million will be directed towards the resumption of the dredging work at the Port of Suape. 

Royal Van Oord was the executing company of the project that was alongside the Netherlands State with an open process for compensation from the Brazilian state.

Now, with the payment of the million-dollar debt and the forecast for project completion in up to 5 months, the company and the foreign country have withdrawn the accusations against the Government of Pernambuco. 

In executing the new dredging project at the Port of Suape, the Dutch company will utilize new technology that does not require explosions for excavation, reducing the environmental impact.

Thus, the project will not only be resumed but will also have a greater environmental commitment from the Government of Pernambuco. 

Completion of the Dredging Project at the Port of Suape Will Open Great Opportunities for Port Enterprises in the State, Says Government

Governor Paulo Câmara commented on the positive effects and consequences that the dredging project at the Port of Suape will bring to the state in the future, emphasizing the potential for new business in the complex. 

“This project was a liability and needed to be resolved. Suape will reach a level with a depth that will make a difference in the operation of the Refinery and in other activities, such as iron ore that will have a new terminal, the work of Maersk, providing full operational conditions. It is an important achievement in light of everything we’ve seen happen in the economy in recent years,” he commented. 

The President of the Suape Industrial Port Complex, Roberto Gusmão, revealed that they are only waiting for the authorization from the Port Authority to start the project, which should continue later this month. 

Finally, the Brazil Director of Royal Van Oord, Erick Aeck, highlighted that the dredging project should level the port’s depth to 20 meters, thus ensuring the possibility for even larger ships to conduct cargo operations in the Pernambuco complex.