Port of Piauí to Receive Over R$ 7 Billion in Investments by 2030, Says Minister Silvio Costa Filho at Seminar in Luís Correia

With more than R$7 billion in investments expected by 2030, the Government of Piauí took another strategic step toward the state’s logistical and economic development during the seminar “Porto Piauí and Parnaíba Waterway: Advances and Results,” held on Monday (May 5) in Luís Correia. The event also included unveiling inaugural plaques for the Multipurpose Dock and the port’s new administrative headquarters.

The speed at which the Government of Piauí built the port’s infrastructure drew praise from the Federal Government’s team. Current investments include:

• Urban development, fencing, customs systems, and electrical grid (R$ 60 million)
• Maintenance dredging and channel deepening (R$ 250 million)
• Navigation signage and buoyage project (R$ 5 million)
• Investment in corporate partnerships (R$ 80 million)
• Installation of a fish processing unit (R$ 10 million)

Governor Rafael Fonteles emphasized Piauí’s export potential, citing commodities such as iron ore from Piripiri and grains from the Cerrado region, which are currently exported through neighboring states. He said the goal is to export these resources directly through the Port of Luís Correia, transforming the entire region.

“The port, tourism, and urban activities will coexist in the same space—just like in Santos (São Paulo), Singapore (Asia), Hamburg (Germany), and Rotterdam (Netherlands). What has happened here in less than two years is truly remarkable, thanks to our determination and the work of many people who joined this effort,” said Fonteles.

Minister Silvio Costa Filho praised the state government’s leadership and efficiency in quickly building the port’s infrastructure. He also highlighted the vital role ports play in the economic development of northeastern states and reaffirmed the projected investments.

“Porto Piauí has already received over R$ 2 billion in investments under Governor Rafael. By 2030, more than R$ 7 billion in public and private investments will be essential for the state’s development,” said Costa Filho.

The minister also expressed optimism about Piauí’s economic growth surpassing the national average, driven by the port’s operations.

“Once this port is fully operational, you can quote me: Piauí will grow over 5% per year on average. It’s already one of Brazil’s fastest-growing states and will grow even more,” he added.

According to Victor Hugo, president of Investe Piauí, the port is expected to generate R$ 400 million annually in import tax revenue. The state government is working to ensure the necessary infrastructure so that different transportation modes are interconnected, allowing production from the far south of the state to be exported via the northern coastline. In addition to grain exports, the government supports installing Solatio’s green hydrogen production industry.

The Port of Piauí is also expected to receive R$1 billion from the Eletrobras privatization and another R$600 million in private funds for the Parnaíba Waterway project. During the seminar, officials inaugurated the new Multipurpose Dock and administrative headquarters.

“By 2025, we’re planning to handle the import and export of goods like fish, marine fertilizer, iron ore, and petroleum derivatives. In the second phase, we’ll integrate the waterway and highway systems for transporting grains, fertilizers, and containers, along with green hydrogen industrialization. Governor Rafael Fonteles is thinking long-term,” said Raimundo Dias Junior, CEO of Porto Piauí.

Source: Government of Piauí

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