BNDES Approves R$ 373.46 Million for Reconstruction of Terminal at the Port of Rio Grande

The National Bank for Economic and Social Development (BNDES) has approved R$ 373.46 million in two financing operations for the CCGL Group to invest in the recovery and resumption of activities at the Luiz Fogliatto Maritime Terminal (Termasa) in the Port of Rio Grande (RS). The terminal, used for receiving, storing, and shipping products and grains destined for domestic and international markets, was damaged during heavy rains in Rio Grande do Sul in May and became inoperative.

As the strength of the current increased, a vessel docked at the terminal collided with the pier, damaging the structure and halting operations. As part of a total investment of around R$400 million, BNDES is providing R$280 million through the BNDES Emergency Program under the Investment and Reconstruction modality. This program will focus on restoring the pier’s operational condition. This will require reconstructing the docking structure, including platforms and mooring mechanisms.

In the second operation, an emergency credit of R$93.46 million will support the company’s liquidity needs through the provision of working capital. This credit will fund actions to mitigate and adapt to climate change and resume economic activities. Termasa will also adopt strategies to reduce the risk of future accidents and make operations safer and more reliable.

The funds, coming from the Social Fund, are part of the BNDES Emergency Program for Rio Grande do Sul. The initiative aims to support actions for mitigating and adapting to climate change and addressing the state’s social and economic consequences of extreme weather events.

“Support for the recovery of port infrastructure promotes logistics and competitiveness in Rio Grande do Sul, in line with the significant efforts by President Lula’s government to rebuild the state,” emphasized BNDES President Aloizio Mercadante. “Since the start of the climate disaster, BNDES has already deployed R$ 24 billion in credit to the state, with project approvals being six times faster than the bank’s average.”

Investment in Termasa includes civil works and acquiring national machinery and equipment. The terminal is located on the west bank of the access channel to the Port of Rio Grande, facilitating the export of products from Rio Grande do Sul and all of southern Brazil. It also holds a strategic location near Uruguay, Argentina, and Paraguay.

Economic Group—The CCGL Group primarily operates in dairy processing, with a daily capacity of 3.4 million liters of milk. Its operational structure includes 14 affiliated cooperatives representing 172,000 rural producers across more than 350 Rio Grande do Sul municipalities.

Source: BNDES News Agency

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