Brazil Announces Over R$800 Million in Investments in Rio de Janeiro Terminals

On Monday (October 2), Brazil’s Minister of Ports and Airports, Silvio Costa Filho, announced more than R$800 million in investments in the city of Rio de Janeiro. Over R$400 million will be allocated to dredging and infrastructure improvements at the Port of Rio. An additional R$400 million will be invested in Santos Dumont Airport by 2027 to accommodate increasing passenger demand, enhance operational safety, and modernize the terminal’s technology.

Dredging operations will be carried out at the port to increase the depth of berthing areas, allowing larger vessels to call at the port. The port’s channels will be deepened from the current 14 meters to 17 meters, allowing it to accommodate some of the world’s largest container ships.

Part of the funding will come from PortosRio (formerly Companhia Docas do Rio), which has seen revenue growth in recent years, in addition to federal contributions. During the ceremony where he announced the signing of the investments, Costa Filho emphasized that this year’s Merchant Marine Fund (FMM) resources will be “100% preserved,” estimated at R$40 billion. The FMM is the primary financing source for Brazil’s naval sector. According to Costa Filho, the decision was made in a meeting with President Luiz Inácio Lula da Silva and Finance Minister Fernando Haddad, who approved the initiative. The minister noted that under the previous government, R$25 billion of the R$26 billion allocated to the FMM was withheld.

Part of the R$400 million earmarked for Santos Dumont Airport by 2027 will go toward implementing an aircraft arrestor system designed to reduce accident risks, known as EMAS (Engineered Material Arresting System). This system involves installing safety areas at the ends of runways using deformable concrete at airports with limited runway space.

Source: Valor Econômico

Click here to access the original text: https://valor.globo.com/brasil/noticia/2024/09/03/porto-do-rio-tera-investimento-de-r-400-milhoes.ghtml

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