The Port of Itaguaí will lease its ITG02 area for a new iron ore terminal, marking a significant expansion in Brazil’s port infrastructure. The auction, set for December 18 at São Paulo’s B3 stock exchange, is expected to attract investments exceeding R$3.5 billion. The terminal, spanning over 348,000 square meters, will focus on handling and storing iron ore, with a capacity of 20 million tonnes annually. Francisco Martins, president of PortosRio, highlighted the terminal’s expected socioeconomic benefits, including thousands of jobs and R$1.2 billion in local tax revenue over a 35-year lease. The project will adhere to eco-friendly standards, emphasizing resource conservation and emissions control. PortosRio aims to make this a model of sustainability, aligning with modernization goals for the Port of Itaguaí and strengthening Brazil’s competitiveness.
Source: Diario do Rio / Datamar News
PORT OF ITAGUAÍ TO HAVE NEW ORE TERMINAL WITH BILLION-DOLLAR AUCTION IN DECEMBER
Published On - 31 de October de 2024