Cedro Participações has signed a concession contract for the ITG02 terminal in Itaguaí (RJ), with an initial expenditure of BRL 3.6 billion. The project could create up to five thousand jobs, both directly and indirectly. Local port production will increase by one-third thanks to the terminal’s yearly capability of 20 million tons of iron ore. The greatest amount issued since 2012, BRL 5.49 billion, will be used by the Merchant Maritime Fund to finance 565 projects related to inland navigation, maritime assistance, ports, cabotage, and ship maintenance.
Source: Agência Brasil (*Translated by Ia Niani)
INVESTMENTS OF BRL 3.6 BILLION COMING TO THE PORT OF ITAGUAI IN RIO
Published On - 27 de February de 2025